1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of 55% powdered ammonium in Hubei Province was 4333 yuan/ton on May 15th, and 4250 yuan/ton on May 1st. In the first half of May, the market price of ammonium phosphate increased by 1.96%.
2、 Market analysis
The market for ammonium phosphate continued to rise in the first half of May. Raw material sulfur continues to rise at a high level, and cost pressure remains. Some manufacturers have executed previous orders, and dealers have increased their quotes. The operating rate of ammonium phosphate enterprises has decreased, the market supply has decreased, and downstream demand has weakened. As of May 15th, the market price of 55 powder ammonium in Hubei region is around 4250-4400 yuan/ton, in Henan region it is around 4350-4450 yuan/ton, and in Sichuan region it is around 4200 yuan/ton.
In terms of raw material sulfur. The price of sulfur remained firm and rose in the first half of May. Recently, the trading atmosphere in the sulfur market has improved, and downstream demand continues to follow suit. It is expected to continue to rise in the short term. As of May 15th, the reference price for sulfur in Shandong region is around 7583 yuan/ton.
3、 Future forecast
An analyst from Shengyi Society believes that the market trend of ammonium phosphate has been dominant in recent days. At present, the raw material sulfur remains at a high level, with significant cost pressure, coupled with tight spot supply. It is expected that the short-term market for ammonium phosphate will continue to consolidate and rise.
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