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Weekly Market Highlights for Compound Fertilizers, Phosphorus Ammonium, Yellow Phosphorus, and Phosphorus Intermediates

June 12, 2024, 9:21 AM
Feidoodoo
647
This report provides an overview of the weekly market highlights for compound fertilizers, phosphorus ammonium, yellow phosphorus, and phosphorus intermediates. In the compound fertilizer market, urea shows a rebound from low levels, but phosphorus and potassium continue to be weak. Enterprises are generally stable, with some negotiations on an individual basis. Distributors are cautious, leading to limited market movement. In the phosphorus ammonium market, there is a noted decrease in the reference price for sulfur granules and synthetic ammonia. The operating rate for downstream compound fertilizers is down, with expectations of an increase next week. DAP production has mostly resumed, ensuring domestic supply. However, the downstream purchasing atmosphere remains tepid. The market for yellow phosphorus and phosphorus intermediates is stable, with prices held by enterprises and a slight increase in phosphorus trichloride prices due to strong cost support and raw material rebound. Yellow phosphorus production is stable with a slight decrease in Yunnan.