Weekly Market Highlights for Compound Fertilizers, Phosphorus Ammonium, Yellow Phosphorus, and Phosphorus Intermediates
June 12, 2024, 9:21 AM
Feidoodoo
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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.
I. Compound Fertilizer Market Highlights
- Urea rebounds from low levels, but phosphorus and potassium remain weak.
- Stability is the main trend for enterprises, with some cases being negotiated individually.
- Distributors remain cautious, and the market volume is limited.
II. Phosphorus Ammonium Market Highlights
- This Thursday, the self-pick-up reference price for sulfur granules at the Yangtze River Port was 920 yuan/ton, down 10 yuan/ton from last Thursday.
- The ex-factory price for synthetic ammonia in Hubei is 3250-3350 yuan/ton, down 450 yuan/ton from last Thursday.
- The overall operating rate for downstream compound fertilizer is 38.14%, down 0.28% from the previous week, with an expected increase next week.
- Diammonium phosphate (DAP) production units affected by environmental protection have mostly resumed production, with operations increasing from the previous period to ensure domestic supply.
- Influence d by market sentiment, the downstream purchasing atmosphere for DAP remains tepid, with slow distribution of goods.
- Raw material prices fluctuate and consolidate, with high costs, still providing strong support to the market.
III. Yellow Phosphorus and Phosphorus Intermediates Market Highlights
- 22600-22800 yuan/ton: Post-holiday, yellow phosphorus enterprises hold prices, temporarily refraining from exporting at low prices. Downstream demand purchases keep market prices stable.
- 13,200 tons: The operation of yellow phosphorus enterprises is generally stable, with a slight decrease in the Yunnan region.
- 5800-5900 yuan/ton: The price of phosphorus trichloride has slightly increased, with raw materials rebounding and strong cost support.
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM