1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of 55% powdered ammonium in China was 3846 yuan/ton on February 1st, and 3843 yuan/ton on February 6th. This week, the market price of ammonium phosphate fell by 0.09%.
2、 Market analysis
This week, the market for ammonium phosphate fluctuated slightly and fell. The price of raw material sulfur has decreased, and the cost support has weakened. Downstream demand for replenishment is urgent, and pre holiday demand is slightly light. As of February 6th, the market price of 55 powder ammonium in Hubei region is around 3840-3900 yuan/ton, in Henan region it is around 3900-3950 yuan/ton, and in Sichuan region it is around 3750-3850 yuan/ton.
In terms of raw material sulfur. The sulfur market has fallen this week. Downstream procurement is mainly cautious, and the market transaction atmosphere is sluggish. As of February 6th, the reference price for sulfur in Shandong region is around 3983 yuan/ton.
3、 Future forecast
An analyst from Shengyi Society believes that the market for ammonium phosphate has recently undergone a narrow adjustment. At present, pending orders are the main focus, with costs still at a high level and average downstream demand. It is expected that the short-term market for ammonium phosphate will stabilize and operate steadily.
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