1、 Price trend

According to the commodity market analysis system of Shengyishe, the reference average price of 55% powdered ammonium on January 1st was 3370 yuan/ton. On January 30th, the reference average price of 55% powdered ammonium was 3143 yuan/ton. This month, the market price of ammonium phosphate decreased by 6.73%.

According to the commodity market analysis system of Shengyishe, the reference average price of 64% diammonium on January 1st was 4040 yuan/ton, and on January 30th, the reference average price of 64% diammonium was 3966 yuan/ton. The market price of diammonium phosphate fell by 1.82% this month.

2、 Market analysis

The market price of ammonium phosphate is weak and has fallen this month. The price of raw sulfur has decreased this month, weakening cost support. The operating rate of ammonium phosphate enterprises has declined, and downstream compound fertilizer enterprises are slow to purchase, resulting in low purchasing enthusiasm. At present, the follow-up of new orders in the market is weak, and the trading atmosphere is weak, with a decline in the focus of ammonium phosphate transactions. As of January 30th, the factory price of 55 powder ammonium in Hubei region is around 3050-3150 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 market price of 64% diammonium in Shandong region is around 3920-4050 yuan/ton, and the market price of 57% diammonium is around 3620-3650 yuan/ton. The actual transaction is negotiable.

Market for raw material phosphate rock. After the domestic phosphate ore market rose this month, it remained stable in operation. In early January, some mining companies in China began to implement new ore prices. Guizhou, Sichuan, and Guangxi regions have raised the prices of medium to high-grade phosphate ore by about 20-50 yuan/ton. Currently, the supply of phosphate ore in the field is still tight, and downstream demand for phosphate ore is mainly for rigid procurement. As of January 30th, the reference price for domestic phosphate ore market is around 1056 yuan/ton.

Market for raw sulfur. In the first half of January, sulfur prices in East China experienced a broad decline. The sulfur unit is operating normally, with sufficient market supply of goods, and downstream enthusiasm for sulfur procurement has weakened. The weak market trading, poor shipments from sulfur refineries, and continuous decline in port prices have had a negative impact on the spot market. To stimulate shipments, the refinery’s quotation has been significantly reduced. The sulfur market adjusted narrowly in the second half of January.

3、 Future Market Forecast

Business Society’s ammonium phosphate analyst believes that the price trend of ammonium phosphate has been weak and declining recently. As the Spring Festival holiday approaches, market demand weakens and new orders follow up less. At present, with no favorable factors in the market, it is expected that the short-term ammonium phosphate market will continue to operate weakly.