1、 Price trend

According to the bulk list data of business cooperatives, the average price of 55% powdered monoammonium in Sichuan on September 19 was 3100 yuan/ton, and the average price of 55% powdered monoammonium in Sichuan on September 26 was 3116 yuan/ton. The market price of monoammonium phosphate rose 0.54% this week.

According to the data from the bulk list of business cooperatives, the average price of 64% of diammonium phosphate in the Yunnan Guizhou region was 3966 yuan/ton on September 19, and 3983 yuan/ton on September 26. The market price of diammonium phosphate rose 0.42% this week.

2、 Market analysis

Ammonium phosphate inquiry increased this week, and the market demand was running well. The price of raw sulfur has been raised and the cost support is good. The demand of downstream compound fertilizer enterprises followed up, and the domestic monoammonium phosphate rose steadily. The domestic diammonium phosphate market has a good turnover, with downstream procurement on demand, and new orders have increased. As of September 26, 55% of the factory price of powdered monoammonium in Hubei was 2850-2950 yuan/ton, 55% in Sichuan was 2850-3500 yuan/ton, and 73% in Sichuan was 6150 yuan/ton. The ex factory quotation of 64% diammonium in Hubei is 3700-3800 yuan/ton, the quotation of 64% diammonium in Yunnan is about 4000 yuan/ton, and the quotation of 64% diammonium in Guizhou is about 3800 yuan/ton. The actual transaction is negotiated.

In terms of raw sulfur, the price of sulfur in East China rose this week, with an average price of 1323.33 yuan/ton on September 26. The sulfur price of refinery enterprises in Shandong Province has been raised. The mainstream price of solid sulfur is about 1250-1470 yuan/ton, with an increase of 50 yuan/ton; The mainstream price of liquid sulfur is 1250-1430 yuan/ton, and the price is increased by 50-100 yuan/ton, subject to the actual transaction price. On the downstream side, the sulphuric acid market was consolidated and operated. The price in some regions was raised. The ammonium phosphate market was mainly stable. The downstream purchasing enthusiasm was good, and the demand for sulfur procurement increased. The price of refineries in Shandong Province was raised. The surrounding sulphuric acid manufacturers were active in purchasing, and the enterprise shipments were smooth. In addition, the price in the port market was rising, which boosted the industry’s mentality, and the sulfur market was consolidated.

In terms of raw phosphorus ore, the domestic market for medium and high-end grade phosphorus ore continued to operate steadily this week. As of September 26, the reference price of phosphate rock was 1064.00. The site is generally quiet, with little change in information. At present, the supply side is still tight, and the supply side continues to provide high support for the market. From the demand side, the low commencement of downstream phosphate fertilizer has brought some concern to the market.

3、 Future market forecast

Ammonium phosphate analysts from the business community believe that the recent market for ammonium phosphate raw materials is good and the cost support is favorable. The fertilizer market began to start in autumn, the downstream demand increased, and the trading and investment in the market increased. It is expected that in the short term, the market price of ammonium phosphate will be mainly adjusted and operated in a narrow range.