Good Support, Monoammonium Market Is Firm And Upward
June 12, 2024, 9:21 AM
Jinchuang
1358
Good support, monoammonium market is firm and upward.
Recently, the domestic monoammonium phosphate market is rising rapidly, and the ex-factory prices of manufacturers in various regions have been raised one after another. Up to now, the mainstream market price of 55% flour in Hubei is around 3,350-3,500 yuan/ton, and the ex-factory price of 55% flour in Shandong is around 3,400-3,500 yuan/ton. The main reasons are as follows:
In terms of cost, the prices of raw materials sulfur and synthetic ammonia have generally increased recently, and the price of phosphate rock has been consolidating at a high level. The domestic sulfur market oscillated and pushed up, and the international sulfur market rose sharply, which supported the cargo holders in the port area to continue to push up. Affected by the high price of the port, the shipping prices of most domestic sulfur production enterprises increased again without the pressure of inventory. In terms of ammonia synthesis, recently, some ammonia enterprises around Shandong and Hebei have not been repaired, and traffic control of epidemic situation in many places is still relatively strict. However, centralized procurement in the downstream of industry and agricultural demand drive the ammonia enterprises to be optimistic, and the prices of ammonia enterprises that have successfully shipped the goods have been tentatively linked up again, and the low prices in the early period of East China have also been actively supplemented. Downstream urea market support is strong, agricultural demand and winter storage are promoted in an orderly manner, and the market has a strong price-fixing intention. In terms of phosphate rock, mining enterprises are currently mining and producing normally, and most mining enterprises do not have excessive stocks for the time being. At present, the original orders are completed in an orderly manner, and the overall market supply is tight. The price of 30% grade ship plates in Hubei is 1035 yuan/ton, and that of 28% grade ship plates is about 975 yuan/ton.
On the supply side, at present, the average operating rate of monoammonium is about 35%, and many factories in Hubei, Yunnan and other places have stopped production or reduced production. The start-up is still low, the market supply is relatively tight, and the social inventory is low. However, enterprises have a large quantity to be delivered, and most manufacturers suspend orders, so there is no inventory pressure or sales pressure for the time being.
On the demand side, the bullish sentiment in the downstream compound fertilizer market is spreading. At present, the number of enterprises stopping receiving and reporting continues to increase, the supply of low-end prices in the market decreases, and the focus of local prices moves up. Moreover, the peak demand in the winter storage market is approaching, and the demand is gradually increasing, which supports the sound operation of the monoammonium market.
On the whole, it is predicted that the short-term domestic monoammonium phosphate market will continue its steady upward trend, focusing on the international market orders and the construction of downstream compound fertilizer plants.
In terms of cost, the prices of raw materials sulfur and synthetic ammonia have generally increased recently, and the price of phosphate rock has been consolidating at a high level. The domestic sulfur market oscillated and pushed up, and the international sulfur market rose sharply, which supported the cargo holders in the port area to continue to push up. Affected by the high price of the port, the shipping prices of most domestic sulfur production enterprises increased again without the pressure of inventory. In terms of ammonia synthesis, recently, some ammonia enterprises around Shandong and Hebei have not been repaired, and traffic control of epidemic situation in many places is still relatively strict. However, centralized procurement in the downstream of industry and agricultural demand drive the ammonia enterprises to be optimistic, and the prices of ammonia enterprises that have successfully shipped the goods have been tentatively linked up again, and the low prices in the early period of East China have also been actively supplemented. Downstream urea market support is strong, agricultural demand and winter storage are promoted in an orderly manner, and the market has a strong price-fixing intention. In terms of phosphate rock, mining enterprises are currently mining and producing normally, and most mining enterprises do not have excessive stocks for the time being. At present, the original orders are completed in an orderly manner, and the overall market supply is tight. The price of 30% grade ship plates in Hubei is 1035 yuan/ton, and that of 28% grade ship plates is about 975 yuan/ton.
On the supply side, at present, the average operating rate of monoammonium is about 35%, and many factories in Hubei, Yunnan and other places have stopped production or reduced production. The start-up is still low, the market supply is relatively tight, and the social inventory is low. However, enterprises have a large quantity to be delivered, and most manufacturers suspend orders, so there is no inventory pressure or sales pressure for the time being.
On the demand side, the bullish sentiment in the downstream compound fertilizer market is spreading. At present, the number of enterprises stopping receiving and reporting continues to increase, the supply of low-end prices in the market decreases, and the focus of local prices moves up. Moreover, the peak demand in the winter storage market is approaching, and the demand is gradually increasing, which supports the sound operation of the monoammonium market.
On the whole, it is predicted that the short-term domestic monoammonium phosphate market will continue its steady upward trend, focusing on the international market orders and the construction of downstream compound fertilizer plants.
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
