1. Costs continue to rise
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Sulfur: Recently, both domestic and port sulfur prices have increased, and the price of particles in the Yangtze River Port has jumped to 950 yuan/ton, with a price increase of 60 yuan/ton within a week. Reason: 1. Downstream construction has increased and the market is improving, driving it; 2. Some merchants intentionally pursue futures resources to drive; 3. The US gold market rose; 4. The number of inquiries from merchants has increased, and the trading atmosphere has continued to rise. Sellers are holding back and the market is strong.
Synthetic ammonia: Recently, the ammonia market in the main production area has continued to rise, with a nationwide increase of 173-523 yuan/ton for the week, with Hubei region experiencing an increase of 180-200 yuan/ton compared to the previous week. Reason: 1. Temporary failures of some devices have led to a tightening of market supply; 2. The inventory level of downstream terminal factories is not high; 3. The utilization rate of downstream industrial and agricultural product industries has increased, and the demand atmosphere is good.
Phosphate ore: Currently, prices are temporarily stable. Due to the impact of large-scale conferences and safety inspections in the Sichuan region, some mines have reduced production. Recently, downstream construction has continued to increase, and demand is improving. Traders' prices are firm, and there is a strong intention to explore.
Affected by the increase in raw material prices mentioned above, the cost of monoammonium phosphate has increased, with a weekly increase of over 50 yuan/ton.
2. Continuous downstream demand
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Starting from late June, some large composite fertilizer factories downstream have gradually started purchasing raw material monoammonium phosphate. So far, most of them have completed around 70-80% of the autumn fertilizer usage, but small and medium-sized composite fertilizer enterprises have hardly stocked up on raw materials. Recently, with the shortened production cycle, production enthusiasm has increased (the capacity utilization rate of the composite fertilizer industry has increased to 35.11%, month on month 4.49%), and some small and medium-sized composite fertilizer enterprises have increased their inquiries about monoammonium phosphate, The demand for procurement continues to emerge, and with the rising prices of various raw materials and the shutdown of monoammonium phosphate factories, the market is in a state of panic. Under the mentality of "buying up instead of buying down", the demand for orders continues to follow up, which also continues to drive a new round of price adjustment for monoammonium phosphate.
3. Upward international market
International Monoammonium Phosphate Price List (Unit: USD/ton)
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Starting from late June, the international market demand for monoammonium phosphate has started, and the market has rebounded from a decline. The FOB price of Chinese exports and the CIF price of the Brazilian market have both increased by over 9%. Brazilian importers used fertilizer to meet the soybean planting season from September to October, and the ratio of Brazilian MAP to soybean futures in recent months continued to fall, farmers could afford fertilizer more, purchasing enthusiasm continued to increase, demand increased, and Chinese orders were also increasing. In July, only the monoammonium phosphate shipped in Port of Nanjing was 150000 tons, which, without adding the southern ports, had increased by 100000 tons over the export in June, an increase of 204.26%. In addition, the tight supply, increased demand, and significant price increases in the US market continue to drive up prices in the international market.
In addition to the positive factors such as costs, waiting to be shipped, demand, and international market conditions, the sharp rise in the urea market has also driven
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
