Price Trend
According to the data of business associations, the domestic market price of monoammonium phosphate dropped in mid-September. The average ex-factory price of powdery monoammonium on September 10 was 2150 yuan/ton, and as of September 17, the ex-factory average price was 2083 yuan/ton, down by 3.10%.
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II. Market Analysis
Products: The domestic market of powdered monoammonium is weak, and raw materials continue to fall. Anhui province 55% ammonium powder factory quoted 2000 yuan – 2100 yuan / ton, smooth start. In Hubei, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2100-2200 yuan/ton. Henan market maintained stable operation, 55% of ammonium powder factory quoted about 2050 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2000-2100 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton.
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Industry chain: The price of raw material sulphur continued to fall. As of September 17, the reference price of sulphur was 580.00, which was 16.35% lower than that of September 1 (693.33). Negative bearish sentiment in the market remains weak. Inventory consumption is slow and the market is hard to find a good one. Phosphate ore market prices remain stable, few transactions, a small amount of downstream goods. The price of liquid ammonia has not fluctuated much since September, and the market has remained stable. Compound fertilizer enterprises are not ideal for purchasing, and the stock pressure is relatively high, and the autumn market is weak.
Industry: According to the price monitoring of business associations, in the 36 th week (9.9-9.13) of 2019, there were 1 rising commodities, 3 falling commodities and 5 falling commodities. The main commodities rising were ammonium sulfate (2.14%); the main commodities falling were ammonium chloride (-3.37%), monoammonium phosphate (-2.33%) and diammonium phosphate (-1.36%). Average gains and losses this week were -0.55%. According to the business association price monitoring, in the 36th week of 2019 (9.9-9.13), the price of phosphorus chemical industry rose and fell in a total of 1 commodity, 2 commodities fell, and 2 commodities rose and fell to 0. The main commodities rising were yellow phosphorus (1.25%); the main commodities falling were monoammonium phosphate (-2.33%) and diammonium phosphate (-1.36%). Average gains and losses this week were -0.49%.
3. Future Market Forecast
Ammonium phosphate analysts believe that the market for ammonium phosphate has been weak since September, and the market price has been falling in mid-September. Due to weak raw material sulfur market, limited support and lack of favorable market. The downstream compound fertilizer enterprises started one after another, but the goods went slowly. It is expected that the market of monoammonium phosphate will continue to be weak and low in the later period of consolidation.
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