Market review
01
domestic market
In April, the price of monoammonium phosphate fell, and the price of diammonium phosphate decreased steadily. At the end of April, the average ex-factory price of diammonium phosphate was 3,725 yuan (ton price, the same below), down 25 yuan month-on-month and up 25 yuan year-on-year; The average ex-factory price of monoammonium phosphate was 2,850 yuan, down 175 yuan month-on-month and 25 yuan year-on-year.
02
International market
In April, international phosphate fertilizer prices fell sharply. At the end of the month, the price of diammonium phosphate in China was 510~520 US dollars FOB, down 40 US dollars month-on-month and 13.5 US dollars year-on-year, and the price of diammonium phosphate in Saudi Arabia was 510~520 US dollars FOB, down 45 US dollars month-on-month and 19 US dollars year-on-year; The price of diammonium phosphate in India was 517~521 US dollars CFR, down 40 US dollars month-on-month and 27 US dollars year-on-year. The price of monoammonium phosphate (11-52) in Brazil was at $570 CFR, flat month-on-month and down $27.5 year-on-year.
03
export markets
According to customs statistics, from January to March 2024, the export volume and price of phosphorus compound fertilizer in mainland China will fall; From January to March, a total of 506,000 tons of various phosphorus compound fertilizers (net amount) were exported, a year-on-year decrease of 69.3%.
Source: China Customs
Market analysis and forecasting
In April, the phosphate compound fertilizer market operated weakly and the price fell. This month, the monoammonium phosphate market was weak, the trading was thin, the downstream demand was not good, the procurement did not improve, and the price fell; The performance of the diammonium phosphate market is relatively stable, some enterprises are overhauled, and the supply is tight, but the spring ploughing is over, and the downstream goods are mainly purchased in rigid demand, and the market operation is weak.
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Please indicate in the following format for reprinting: Source: China Sulfuric Acid Industry Association Editor: Chen Ran Review: Wang Meihong Producer: Zheng Hongyan