1、 Price trend
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According to the commodity market analysis system of the business community, the average market price of 55% powdered monoammonium was 3220 yuan/ton on April 1, 3037 yuan/ton on April 27, and the market price of monoammonium phosphate fell 5.67% this month.
According to the commodity market analysis system of the business community, the average price of 64% of diammonium phosphate in the market was 3987 yuan/ton on April 1, and 3893 yuan/ton on April 27. The market price of diammonium phosphate fell 2.36% this month.
2、 Market analysis
The price of monoammonium phosphate continued to decline this month. The prices of raw phosphorus ore and sulfur have fallen, weakening cost support. Downstream demand is sluggish, with few new orders and sporadic purchases, and the focus of market transactions is constantly shifting downwards. As of April 27th, the market price of 55 powdered ammonium in Hubei region is around 2900-3000 yuan/ton, while the market price of 55 powdered ammonium in Sichuan region is around 3000-3050 yuan/ton, with actual negotiations being the main focus.
The price of diammonium phosphate fluctuated and fell this month. The prices of raw materials continue to weaken, and cost support is weak. Spring is coming to an end, and downstream demand is light, with a small amount of procurement as the main focus, and market trading performance is average. As of April 27th, 64% of the diammonium market in Hubei region is priced at around 3900 yuan/ton, 64% of the diammonium market in Shandong region is priced at around 4000 yuan/ton, and 64% of the mainstream transaction prices in North China are priced at 3850-3930 yuan/ton. The actual transaction is negotiated.
The raw material phosphate ore market is generally weak and moving downwards this month in the domestic phosphate ore market. In early April, due to the downward trend of the yellow phosphorus market in the downstream of the industrial chain, downstream operations began at a reduced rate. The demand for phosphate ore in some regions of China became loose, and the wait-and-see atmosphere on the market was strong. Some mining companies lowered the prices of mid to high-end grade phosphate ore by around 10-30 yuan/ton. Subsequently, in mid April, the phosphorus ore market as a whole remained weak and stable, and towards the end of the month, some mining companies in Sichuan region adjusted their phosphorus ore prices downwards by around 10-20 yuan/ton.
The market for raw sulfur has continued to decline in domestic sulfur prices this month. The sulfur market in East China continues to be weak and downward, with domestic refineries operating normally and market supply stable. The end industry has entered a off-season, with weak downstream demand and poor refinery sales. Enterprise quotations have been lowered to stimulate shipments, but downstream purchasing is limited and the market lacks positive support, resulting in a weak sulfur trend.
3、 Future Market Forecast
Analysts from the Business Society believe that the recent trend in raw material prices has been poor, and the cost support for ammonium phosphate is weak. Downstream demand continues to be sluggish, and shippers have a strong willingness to ship. The market price of ammonium phosphate is expected to continue to decline in the short term under the influence of both cost and demand.
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