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 2966 yuan/ton on April 15th, and 2910 yuan/ton on April 22nd. This week, the market price of 55% powdered ammonium phosphate fell by 1.91%.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3940 yuan/ton on April 15th, and 3930 yuan/ton on April 22nd. This week, the market price of diammonium phosphate decreased by 0.25%.

2、 Market analysis

This week, the ammonium phosphate market continued to operate weakly. The decrease in raw material prices has weakened cost support. Spring plowing has entered the final stage, with weak demand in the ammonium phosphate market and limited new transactions. The operating rate of enterprises has declined, and the market supply has decreased. As of April 22nd, the market price of 55% ammonium powder in Hubei region is around 2850-2950 yuan/ton, and the factory price of 55% ammonium powder in Henan region is around 2880-2950 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3900-4070 yuan/ton, and the outbound price of 57% diammonium is around 3550-3600 yuan/ton. The actual transaction is negotiable.

In terms of raw material phosphate ore. This week, the domestic phosphate ore market showed a slight decline. The overall trading atmosphere in the market is average, with limited trading of new orders on the exchange, and weak performance in the downstream market of phosphate ore. In some regions, the slightly tight supply of phosphate ore can still support mining companies in maintaining stable quotations, but in some areas, the overall pace of phosphate ore shipments is average due to the weak supply and demand. Therefore, some mining companies have lowered the prices of mid to high-end grade phosphate ore by about 20-30 yuan/ton.

The sulfur market for raw materials has seen a rise followed by a fall in sulfur prices in East China this week. The maintenance of refineries in Shandong region is concentrated, and the market supply of goods is still low. Enterprise inventory is relatively low, and most refineries have strong quotations. At the same time, downstream procurement is active, and market trading is good. Some enterprises have lowered their quotations due to high price increases in the early stage and downstream resistance. The overall sulfur market is still operating at a relatively high level.

3、 Future Market Forecast

According to analysts from Business Society, the ammonium phosphate market has recently seen a downward trend. At present, downstream demand performance is poor, with weak costs and demand. It is expected that the short-term market price of ammonium phosphate will be weak, with consolidation and operation being the main focus.