1、 Price trend
| Chitosan oligosaccharide |
According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China on June 19th was 2583 yuan/ton. On June 25th, the average market price of 55% powdered ammonium phosphate in China was 2550 yuan/ton. This week, the market price of monoammonium phosphate decreased by 1.29%.
According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on June 19th was 3810 yuan/ton. On June 25th, the average market price of 64% diammonium phosphate in China was 3812 yuan/ton. This week, the market price of diammonium phosphate increased by 0.18%.
2、 Market analysis
| Gamma-PGA (gamma polyglutamic acid) |
On Monday this week, the price of ammonium decreased and ammonium chloride adjusted narrowly. This week, the market for raw material phosphate ore and sulfur weakened, and prices continued to decline, weakening cost support. Currently in the off-season of demand, the demand side consolidation performance is weak, and the market trading atmosphere is poor. Downstream procurement is on demand. As of June 25th, the market price of 55 powdered ammonium in Hubei region is around 2400-2500 yuan/ton, while the market price of 55 powdered ammonium in Henan region is around 2500-2600 yuan/ton, with actual negotiations being the main focus. The quotation for 64% diammonium in Shandong is around 3500-3800 yuan/ton, while the quotation for 57% diammonium in Shandong is around 2650-3000 yuan/ton. The actual transaction is negotiated.
In terms of raw sulfur, domestic sulfur prices have fallen this week. The sulfur manufacturer’s equipment is operating normally, with sufficient market supply and average enthusiasm for downstream market entry. The market trading atmosphere is light, and the refinery’s shipment is not smooth. The operator’s mentality is not good, and the quotation is lowered to stimulate shipment. The focus of market transactions has shifted downward, and the short-term sulfur market is weak.
In terms of raw phosphorus ore, the domestic phosphorus ore market as a whole showed a weak decline this week. Prior to the holiday, the downstream stage stocking of phosphate ore was generally carried out, and the weak demand side continued to loosen the support for the phosphate ore market. Phosphate ore shipments gradually slowed down, and some mining companies implemented early shipment plans. The supply and demand sides of phosphate ore showed a stalemate, and some mining companies started to sell at discounted prices, lowering the prices of mid to high grade phosphate ore shipments. As of June 25th, the domestic market price of 30% grade phosphate ore is around 950-1080 yuan/ton.
3、 Future Market Forecast
Analysts from the Business Society believe that the market for ammonium phosphate has recently stabilized slightly and overall demand is light. Downstream restocking is the main demand, and the current market quotation is chaotic. It is expected that the market price of ammonium phosphate will be weak in the short term, and the main focus will be on consolidation and operation.
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