1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average market price of 55% powdered ammonium phosphate in China on September 15th was 3100 yuan/ton. On September 21st, the average market price of 55% powdered ammonium phosphate in China was 3100 yuan/ton. This week, the market price of monoammonium phosphate remained stable.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on September 15th was 3875 yuan/ton. On September 21st, the average market price of 64% diammonium phosphate in China was 3875 yuan/ton. This week, the market price of diammonium phosphate remained stable.

2、 Market analysis

The market price of ammonium phosphate is temporarily stable this week. The price of raw material phosphate rock has increased, the price of raw material sulfur has decreased, and the rise and fall of raw materials are mixed. At present, there are relatively few new orders in the monoammonium phosphate market, and there is still support from pending orders. The demand in Northeast China is starting to follow up. The diammonium phosphate market is operating steadily, and enterprises are executing domestic and foreign pending orders. Downstream demand has weakened, and the market trading atmosphere is not good. As of September 21st, the market price of 55 powdered ammonium in Hubei region is around 3100 yuan/ton, while the factory price of 55 powdered ammonium in Henan region is around 3100 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% ammonium chloride in Shandong region is around 3900 yuan/ton, and the actual transaction is negotiated.

In terms of raw sulfur, the domestic sulfur market has shown a downward trend this week. As of September 21st, the reference average price of sulfur in East China is 1066.67 yuan/ton.

In terms of raw phosphorus ore, the overall focus of the domestic phosphorus ore market continued to move upwards this week. The supply and demand of mid to high-end grade phosphate rock on the site continue to be tight, with downstream pre holiday stocking opening and overall good demand. As of September 21st, the domestic market price of 30% grade phosphate ore is referenced around 930-1000 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society believe that the ammonium phosphate market has been undergoing consolidation and operation recently. The price of raw material phosphate rock is running at a high level, and under cost pressure and support from waiting for delivery, the market for phosphate ammonium is firm. The reimbursement of dealers is chaotic, and the demand side needs to be followed up. It is expected that the short-term price of ammonium phosphate will mainly maintain consolidation operation.