1、 Price trend
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According to the Commodity Market Analysis System of the Business Society, as of October 17th, the average market price of 55% powdered ammonium phosphate in China was 3083 yuan/ton, which is stable compared to the average market price of 3083 yuan/ton on October 1st.
According to the Commodity Market Analysis System of the Business Society, as of October 17th, the average market price of 64% diammonium phosphate in China was 3883 yuan/ton, which is 0.21% higher than the average market price of 3875 yuan/ton on October 1st.
2、 Market analysis
Market quotation situation
Since October, the market price of ammonium phosphate has been mainly in consolidation operation. As of October 17th, the market price of 55 powdered ammonium in Hubei region is around 3050 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 64% market quotation for diammonium in Shandong region is about 3900 yuan/ton, and the 57% market quotation for diammonium is about 3400 yuan/ton. The actual transaction is negotiated.
Cost side
The price of raw material phosphate rock has increased, the price of raw material sulfur has decreased, and the cost side is mixed.
In terms of raw material sulfur. Since October, the domestic sulfur market trend has been mainly downward. As of October 17th, the reference average price of sulfur in East China is 916.67 yuan/ton.
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In terms of raw phosphorus ore. After the end of the National Day holiday, the overall trend of phosphorus ore market prices continues to rise. As of October 17th, the domestic market price of 30 grade phosphate ore is based on 998 yuan/ton, with a post holiday price increase of 2.89%. It is expected that in the short term, the overall high level of the phosphorus ore market will be mainly strong.
Supply and demand side
At present, there are relatively few new orders in the monoammonium phosphate market, but there is still support from pending orders, and the market is mainly wait-and-see. Recently, there has been an increase in equipment maintenance for enterprises, resulting in a decrease in market supply. The supply of diammonium phosphate in some areas is tight, and the market trading direction is good. Autumn wheat fertilizer is sweeping away, and demand in the Northeast market is concentrated.
3、 Future Market Forecast
According to ammonium phosphate analysts from Business Society, the current price of sulfur, the raw material for ammonium phosphate, has continued to decline, and cost support is not strong. However, the autumn market demand is still there, and with the support of pending orders, the market continues to be strong. It is expected that the short-term ammonium phosphate market will be mainly organized and operated.
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