1、 Price trend
According to the data in the business club’s large list, the average ex factory price of powdered monoammonium on April 1 was 2083 yuan / ton, and the average ex factory price of powdered monoammonium on April 16 was 2066 yuan / ton, with the price down 0.80%. On April 16, the monoammonium phosphate commodity index was 69.18, unchanged from yesterday, down 31.40% from the highest point in the cycle of 100.84 (2011-09-13), and up 11.42% from the lowest point of 62.09 on September 19, 2017. (Note: cycle refers to 2011-09-01 to now)
According to the data in the business club’s large scale list, the average ex factory price of 64% diammonium on April 1 was 2225 yuan / ton, while the average ex factory price of 64% diammonium on April 16 was 2217 yuan / ton, down 0.34%. On April 16, DAP commodity index was 66.14, unchanged from yesterday, down 35.77% from 102.98 (2011-10-08), the highest point in the cycle, and up 0.79% from 65.62, the lowest point on March 4, 2020. (Note: cycle refers to 2011-09-01 to now)
2、 Market analysis
Monoammonium: since April, the market of monoammonium phosphate in China has been in a downturn, with few new single products in China. The factory quotation of 55% powdered ammonium in Anhui Province is 1950-2050 yuan / ton, and the commencement is stable. In Hubei Province, the ex factory price of 55% powdered ammonium is about 1950-2000 yuan / ton, and that of 60% mainstream powdered ammonium is 2150-2200 yuan / ton. The market in Henan Province has maintained stable operation, and 55% of ammonium powder has been quoted about 1950 yuan / ton, with stable start-up. The ex factory quotation of 55% powdered ammonium in Shandong Province is 1950-2050 yuan / ton, and the price is stable. The ex factory quotation of 55% powdered ammonium in Sichuan is about 2000 yuan / ton.
Diammonium: since April, the market trend of diammonium phosphate in China has been weak, most enterprises have delivered goods normally, and export orders have increased. At present, 64% of mainstream diammonium in Hubei Province offers 2200-2250 yuan / ton, 64% of mainstream diammonium in Shandong Province 2250-2350 yuan / ton, 64% of mainstream diammonium in Yunnan Guizhou Province 2300-2450 yuan / ton, and 64% of mainstream diammonium in Anhui Province 2200-2350 yuan / ton. The price of 64% mainstream diammonium in Gansu Province is 2300-2400 yuan / ton.
Industrial chain: in April, the domestic market of raw phosphate rock is still dominated by low and stable operation, and the market is mostly in a state of consolidation. The new orders in the market are generally closed, and the on-site construction continues to improve slowly. The domestic market of raw sulfur is cold, the enthusiasm of the downstream market is not high, the port inventory is high, and the consumption is slow. In the end of spring ploughing, the export of phosphate fertilizer is not clear, the market is stagnant and wait-and-see atmosphere is strong, and the attitude of the industry towards the future market is unstable. At present, the domestic supply and demand performance is stagnant, and the downstream follow-up is insufficient.
Industry: according to the price monitoring of business agency, in the 14th week of 2020 (4.6-4.10), there are 0 rising commodities, 3 falling commodities, and 2 rising and falling commodities. The main commodities falling were phosphoric acid (- 3.47%), monoammonium phosphate (- 0.80%), yellow phosphorus (- 0.61%). This week’s average was – 0.98%.
3、 Future forecast
Analysts of business association ammonium phosphate think that the peak season of phosphate fertilizer is over, the supply of ammonium phosphate is sufficient, and the downstream demand is weakened. In the environment of strong supply and weak demand, the price of Monoammonium slowly fell. The price of diammonium continued to be depressed as it shifted from domestic to export. It is expected that the trend of Monoammonium will still be lowered in the later period, and diammonium is still weak. It is recommended to pay attention to real-time market changes.