Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of 55% powdered ammonium phosphate in China on July 24th was 2,566 RMB/ton. On July 28th, the average market price of 55% powdered ammonium phosphate in China was 2,616 RMB/ton. This week, the market price of ammonium biphosphate was increased by 1.95%.
According to the Commodity Market Analysis System of SunSirs, the average market price of 64% DAP in China on July 24th was 3,687 RMB/ton. On July 28th, the average market price of 64% DAP in China was 3,687 RMB/ton. This week, the market price of DAP remained stable.
Analysis review
Ammonium biphosphate prices rose this Monday, while DAP prices remained stable. There was some support on the cost side, downstream inquiries increased and the market atmosphere improved. The advanced order for ammonium biphosphate had reached late August, and some manufacturers suspended or received fewer orders. DAP was in tight supply, with an increase in inquiries and a good performance in the export market.
As of July 28th, the market price for 55 powdered ammonium biphosphate in Hubei region was around 2,650 RMB/ton, while the market price for 55 powdered ammonium biphosphate in Shandong region was around 2,700 RMB/ton, the actual price was mainly negotiated.. The quotation for 64% DAP in Shandong region is around 3,350-3,650 RMB/ton, while the quotation for 57% DAP in Shandong region was around 2,700-2,800 RMB/ton. The actual transaction was negotiated.
Market outlook
SunSirs’ammonium phosphate analysts believe that recent inquiries in the ammonium phosphate market were good, downstream compound fertilizer production rates increased, demand followed up, and market prices were pushed upwards. With the support of pending orders, it is expected that the ammonium phosphate market will mainly be upward in the short term.
