1、 Price trend

According to the data of the bulk list of business agencies, the market of monoammonium phosphate was not good in 2019, and the price continued to fall in the second half of the year. On January 1, the average ex factory price of domestic powdered monoammonium was 2266 yuan / ton, on December 23, the average ex factory price of domestic powdered monoammonium was 1916 yuan / ton, and the price fell 15.44% in the year.

2、 Market analysis

In the first quarter, the price fell by 4.41%: according to the data of the large scale list of business agencies, the average ex factory price of domestic powdered monoammonium was 2266 yuan / ton on January 1, 2166 yuan / ton on March 31, and the price fell by 4.41% in the quarter. In the first quarter, the enterprise executed the preliminary order, and the market price was about 2100-2300 yuan / ton. Although the market price does not fluctuate greatly, the purchase demand of downstream customers is not high, the market shows a weak trend, and new orders are slightly less traded.

In the second quarter, the price rose by 0.77%: according to the data in the large scale list of business agencies, the average ex factory price of domestic powdered monoammonium was 2166 yuan / ton on April 1, 2183 yuan / ton on June 30, and the price rose by 0.77% in the quarter. In the second quarter, the market price was about 2000-2200 yuan / ton. The enterprise is still in the implementation of early orders, and the purchase demand of downstream customers is still flat. Most enterprises operate normally, receive orders and deliver goods normally.

In the third quarter, the price fell by 5.34%: according to the data of the large scale list of business agencies, the average ex factory price of domestic powdered monoammonium was 2183 yuan / ton on July 1, 2066 yuan / ton on September 30, and the price fell by 5.34% in the quarter. The market price in the third quarter is about 1900-2200 yuan / ton. The market was weak and prices continued to fall. Due to the lack of downstream follow-up, the market price of raw sulfur has fallen sharply, so the market is difficult to improve. The downstream compound fertilizer market is light and the enterprise has a strong wait-and-see attitude.

In the fourth quarter, the price fell by 7.26%: according to the data in the large scale list of business agencies, the average ex factory price of domestic powdered monoammonium was 2066 yuan / ton on October 1, 1916 yuan / ton on December 23, and the price fell by 7.26% in the quarter. The market price in the fourth quarter is about 1800-2100 yuan / ton. The market continues to be low. In some enterprises, the price of raw materials has fallen due to the maintenance of devices, the downstream procurement is cautious, the demand side has not improved, and the winter storage market is worrying. There is no favorable policy after the conference.

3、 Analysis of industrial chain

Industrial chain: in 2019, the atmosphere of domestic sulfur market is cold, and the price is also falling all the way. The market demand is sluggish and the stock consumption in Hong Kong is slow. The atmosphere of market wait-and-see is strong, the atmosphere of negotiation is cold, and the attitude of industry bearish is obvious. In 2019, phosphorus ore market has been in a weak state of consolidation, weak market demand, weak on-site trading, sporadic supply of orders from old customers by enterprises, mainly digestion of inventory, scarce new orders, and high pressure on mine inventory. In the year, prices fluctuated slightly and remained stable. The demand of downstream compound fertilizer enterprises for monoammonium phosphate is reduced, and they usually take the goods according to the demand, so the market of the whole phosphate fertilizer market is bleak.

3、 Summary and forecast

According to the analysts of monoammonium phosphate of business association, 2019 is a difficult year for monoammonium phosphate enterprises. The market is in a depression, raw material prices fall, downstream demand is not strong, and the whole phosphate fertilizer market is facing many difficulties. The weak market continues to the end of the year. It is predicted that monoammonium phosphate will run smoothly in the short term, but it will not improve before this year.