1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 3133 yuan/ton on February 1st, and 3116 yuan/ton on February 6th. This week, the market price of 55% powdered ammonium phosphate decreased by 0.53%.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3966 yuan/ton on February 1st, and 3966 yuan/ton on February 6th. The market price of diammonium phosphate remained stable this week.

2、 Market analysis

On Monday of this week, the price of ammonium slightly decreased, while the price of diammonium remained stable. The prices of raw materials such as phosphate ore and sulfur remain strong, while the prices of raw material synthetic ammonia have declined, resulting in limited cost support. As the Spring Festival holiday approaches, market trading is weak and new orders are less traded. As of February 6th, the market price of 55 powder ammonium in Hubei region is around 3000-3100 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3100 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3920-4050 yuan/ton, and the outbound price of 57% diammonium is around 3620-3650 yuan/ton. The actual transaction is negotiable.

In terms of raw material sulfur, domestic sulfur prices have increased this week. The sulfur unit is operating normally and the market supply is sufficient. The utilization rate of downstream production capacity has decreased, and the enthusiasm for sulfur procurement has weakened, resulting in weak market trading. As of February 6th, the reference price for sulfur in East China is around 980 yuan/ton.

In terms of raw material phosphate ore, the overall supply and demand adjustment of phosphate ore is not significant this week. As the Spring Festival approaches, the downstream stocking and winter storage of phosphate ore have come to an end, and the overall market remains stable and stable. The fluctuation of the phosphate ore market is relatively small, and the overall market is relatively quiet. As of February 6th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

3、 Future Market Forecast

According to analysts from Business Society, as the Spring Festival holiday approaches, companies are gradually taking a break. The inquiries in the ammonium phosphate market have decreased, and the transaction atmosphere is sluggish. It is expected that the short-term trend of ammonium phosphate market will be weak and stable.