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 4th was 3083 yuan/ton. On September 8th, the average market price of 55% powdered ammonium phosphate in China was 3116 yuan/ton. This week, the market price of monoammonium phosphate increased by 1.08%.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on September 4th was 3850 yuan/ton. On September 8th, the average market price of 64% diammonium phosphate in China was 3875 yuan/ton. This week, the market price of diammonium phosphate increased by 0.65%.

2、 Market analysis

The market price of ammonium phosphate continued to rise this week. The prices of raw materials such as phosphate ore and sulfur have increased, resulting in increased cost-effectiveness. Under the support of pending orders in the monoammonium phosphate market, the market continues to be strong and upward. The spot price of diammonium phosphate in the market is tight, and as the autumn wheat fertilizer needs to follow up, the price of diammonium phosphate continues to strengthen. As of September 8th, the market quotation for 55 powdered ammonium in Hubei Province is around 3100 yuan/ton, with actual negotiations being the main focus. The quotation for 64% ammonium chloride in Shandong region is around 3750-4000 yuan/ton, and the actual transaction is negotiated.

In terms of raw sulfur, the domestic sulfur market has shown an upward trend this week. As of September 8th, the reference average price of sulfur in East China is 1176.67 yuan/ton.

In terms of raw material phosphorus ore, the domestic mid to high-end grade phosphorus ore market overall rose this week. The trading atmosphere in the domestic phosphate ore market has improved, and downstream demand has boosted. The supply of mid to high-end grade phosphate ore in the field is tight, and spot circulation is low. The mentality of phosphate ore industry has improved, and some mining enterprises in some regions have raised the prices of mid to high-end grade phosphate ore.

3、 Future Market Forecast

Analysts from the Business Society believe that the ammonium phosphate market has been continuously rising due to strong costs and pending orders. At present, the market supply is increasing, downstream procurement is cautious, and distributors are actively shipping. It is expected that the short-term rise in ammonium phosphate will slow down, with high level consolidation and operation being the main focus.