1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China on July 24th was 2566 yuan/ton. On July 28th, the average market price of 55% powdered ammonium phosphate in China was 2616 yuan/ton. This week, the market price of monoammonium phosphate increased by 1.95%.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on July 24th was 3687 yuan/ton. On July 28th, the average market price of 64% diammonium phosphate in China was 3687 yuan/ton. This week, the market price of diammonium phosphate remained stable.

2、 Market analysis

Ammonium prices rose this Monday, while ammonium prices remained stable. There is some support on the cost side, with an increase in downstream inquiries and a positive market atmosphere. The advance order for ammonium nitrate has reached late August, and some manufacturers have suspended or received a small amount of orders. Diammonium is currently in tight supply, with an increase in inquiries and a good performance in the export market.

As of July 28th, the market price for 55 powdered ammonium in Hubei region is around 2650 yuan/ton, while the market price for 55 powdered ammonium in Shandong region is around 2700 yuan/ton, with actual negotiations being the main focus. The quotation for 64% diammonium in Shandong region is around 3350-3650 yuan/ton, while the quotation for 57% diammonium in Shandong region is around 2700-2800 yuan/ton. The actual transaction is negotiated.

3、 Future Market Forecast

Business Society’s ammonium phosphate analysts believe that recent inquiries in the ammonium phosphate market have been good, with downstream compound fertilizer production rates increasing, demand following up, and market prices pushing upwards. With the support of pending orders, it is expected that the trend of ammonium phosphate market will be dominant in the short term.