1、 Price trend

According to the data of business club’s block list, the average ex factory price of powdered monoammonium was 2533 yuan / ton on April 19, and 2533 yuan / ton on April 25, which remained stable this week.

According to the data of the business club’s block list, on April 19, the average ex factory price of 64% diammonium was 3125 yuan / ton, and on April 25, the average ex factory price of 64% diammonium was 3116 yuan / ton, down 0.27% this week.

2、 Market analysis

This week, the market of monoammonium phosphate was stable, and the price of some parts of China fluctuated slightly. This week, the price remained high, the trading volume increased, and the supply of goods began to be tight. The ex factory price of 55% powdered ammonium is 2450-2550 yuan / ton, and that of 58% powdered ammonium is 2550-2650 yuan / ton. On Monday, the operating rate of ammonia enterprises was about 70%.

Diammonium phosphate fluctuated slightly this week, still mainly for export, mainly for domestic market. This week, some enterprises overhauled their equipment, and the market supply decreased. The export situation is relatively good. The demand for diammonium was insufficient in the downstream, and the spring ploughing market entered the closing stage. On Tuesday, the operating rate of ammonium enterprises was about 55%.

In terms of raw materials, the domestic sulfur market rose as a whole this week. The inventory of refineries in various regions of the country remained low, and the shipment performance was acceptable. The downstream factories entered the market to purchase on demand, and the market lacked substantive information guidance, so the operators mainly kept a wait-and-see attitude. Within the week, domestic refineries adjusted their prices according to their own shipping situation, and the market generally went up.

3、 Future forecast

Business community ammonium phosphate analysts believe that at present, the raw material of monoammonium phosphate is still at a high level, and the downstream delivery situation is general. The domestic operating rate of DAP is low and the demand is insufficient. It is expected that in the short term, the market of monoammonium phosphate will be stable or there will be room for rise, while the price of diammonium phosphate will not fluctuate too much.