Strong upstream raw material prices support a slight increase in compound fertilizer prices

According to the Commodity Market Analysis System of Business Society, as of May 17th, the average market price of compound fertilizer was 3060 yuan/ton, and on May 11th, the average market price of compound fertilizer was 3050 yuan/ton, an increase of 0.33% compared to last week.


Gamma Polyglutamic Acid

In terms of cost


This week, the domestic potassium chloride market continued its previous consolidation trend, with a calm market performance. The demand for ammonium chloride in the market is good, and factories have sufficient pending orders. The domestic market price of potassium sulfate continues to rise, with a significant increase. Resource based potassium sulfate manufacturers are still producing, and some manufacturers will enter traditional summer maintenance on the 31st of this month. The subsequent supply of goods will be significantly reduced.


In terms of supply and demand


With the sustained support of the favorable raw material market, especially with the significant increase in urea prices, the release of high nitrogen fertilizer prices in summer is concentrated. The purchase and sales of compound fertilizers in summer are approaching a sprint, and the increase in compound fertilizer prices seems to have not caused too much turbulence. Compound fertilizer factories generally indicate that there is still surplus to be shipped, and new replenishment orders are gradually following up, with average demand.


Future Market Forecast


Before the existing inventory is digested, the demand for replenishment may also be delayed and released. Compound fertilizer companies have a trend of rising prices, but whether they can truly land on the market still depends on the actual situation of downstream replenishment in the future.

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