1、 Price trend

According to the commodity market analysis system of Shengyishe, the reference average price of 55% powdered ammonium was 3500 yuan/ton on December 1st, and the reference average price of 55% powdered ammonium on December 26th was 3370 yuan/ton. The market price of ammonium phosphate fell by 3.71% this month.

According to the commodity market analysis system of Business Society, the reference average price of 64% diammonium on December 1st was 4056 yuan/ton, and on December 26th, the reference average price of 64% diammonium was 4040 yuan/ton. The market price of diammonium phosphate fell by 0.41% this month.

2、 Market analysis

The market price of ammonium phosphate is weak and has fallen this month. In the first half of December, the price of ammonium phosphate stabilized and stabilized. The prices of raw materials fluctuate, and there is still support on the cost side. The market inquiries for ammonium phosphate decreased, and trading weakened. The factory’s pending orders are the main focus, and the market is steadily consolidating and operating. The purchasing atmosphere in the diammonium phosphate market has weakened, but the supply of goods remains tight, with manufacturers and distributors mainly offering high prices. In the second half of December, the focus of ammonium phosphate transactions declined. Downstream demand is weak, market inquiries have decreased, new transactions are limited, and many ammonium phosphate manufacturers have suspended their quotations. Although there is support from pending orders, as the volume of pending orders decreases, the later support gradually weakens. As of December 26th, the factory price of 55 powder ammonium in Hubei region is around 3300-3400 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3300-3400 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% diammonium in Shandong region is around 3920-4100 yuan/ton, and the actual transaction is negotiable.

Market for raw material phosphate rock. This month, the overall domestic phosphate ore market showed a slight weak decline and then remained stable and consolidated. At the beginning of the month, the domestic phosphate ore market remained stable overall, and the supply and demand news on the market was relatively calm. As the mid month stage approaches, downstream demand for phosphate ore has weakened, and some regions have a mediocre shipping pace. In the early stage, mining companies have lowered the prices of mid to high end grade phosphate ore by a narrow margin, while the price of 30% grade phosphate ore has decreased by about 20-30 yuan/ton. The price difference between high and low prices on site has narrowed. At the end of the month, due to the overall tight supply of mid to high end grade phosphate ore, although downstream demand is weak, the phosphate ore market still shows a stable operation after a slight decline. As of December 26th, the domestic phosphate ore market price is based on around 1020-1080 yuan/ton.

The raw material sulfur market saw domestic sulfur prices rise first and then fall this month. In the first half of this month, domestic sulfur prices increased. The sulfur refinery unit is operating normally, the market supply of goods is stable, downstream purchasing enthusiasm has increased, and manufacturers are shipping smoothly. In the later part of this month, sulfur prices in East China fell, and terminal winter storage demand slowed down, with downstream demand being the main focus. Some companies have poor shipments and have lowered their quotes based on their own inventory situation. Towards the end of the month, sulfur prices rebounded and rose. As of December 26th, the reference price for domestic sulfur market is 1096.67 yuan/ton.

3、 Future Market Forecast

Business Society’s ammonium phosphate analyst believes that the price trend of ammonium phosphate has been weak and declining recently. The demand in the winter storage market is poor, with weak market transactions and relatively low trading volume for new orders. At present, there is no favorable situation in the market, and it is expected that the short-term price of ammonium phosphate will continue to be weak and downward.