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 was 2616 yuan/ton as of July 31st. On August 4th, the average market price of 55% powdered ammonium phosphate in China was 2733 yuan/ton. This week, the market price of monoammonium phosphate increased by 4.46%.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China was 3687 yuan/ton as of July 31st. On August 4th, the average market price of 64% diammonium phosphate in China was 3687 yuan/ton, and the market price of diammonium phosphate remained stable this week.

2、 Market analysis

Ammonium prices rose this Monday, while ammonium prices remained stable. The price of raw material sulfur has increased, and cost support is positive. Due to the continuous increase in costs and the support of pending orders, most ammonium nitrate manufacturers have suspended their quotations and stopped receiving orders, leading to a continuous increase in ammonium nitrate prices. The supply of ammonium bicarbonate in the market is tight, with dealers being mainly reluctant to sell, resulting in tight supply and a strong market situation. As of August 4th, the market price for 55 powdered ammonium in Hubei region is around 2800 yuan/ton, while the market price for 55 powdered ammonium in Henan region is around 2750-2850 yuan/ton, with actual negotiations being the main focus. The quotation for 64% diammonium in Shandong region is around 3550-3650 yuan/ton, while the quotation for 57% diammonium in Shandong region is around 2800-2900 yuan/ton. The actual transaction is negotiated.

In terms of raw material sulfur, the domestic sulfur price has increased slightly this week. The sulfur manufacturer’s device is operating normally, the market supply is stable, and the manufacturer is actively shipping. The demand for downstream phosphate fertilizer has increased, and the sulfur market has a positive attitude, with manufacturers showing an increasing willingness to negotiate prices. Downstream procurement is active, and enterprise shipments are smooth. The short-term sulfur price has significantly increased.

3、 Future Market Forecast

Analysts from the Business Society believe that the ammonium phosphate market has shown a good trend in recent days, with manufacturers mainly waiting to place orders, and the current market supply is relatively low. Dealers have a clear reluctance to sell, and downstream demand has increased in the autumn. Under favorable factors, it is expected that the price of ammonium phosphate will rise slightly in the short term.