1、 Price trend

On August 14th, the average market price of 55% powdered ammonium in Hubei region was 4416 yuan/ton, and on August 10th, the average market price of 55% powdered ammonium in Hubei region was 4450 yuan/ton. This week, the market price of ammonium phosphate fell by 0.75%.
2、 Market analysis
This week, the market for ammonium phosphate was mainly weakly consolidated, with a slight decrease in prices. The price of raw material sulfur has stabilized at a high level, and there is still support on the cost side. The downstream compound fertilizer procurement intention is weak, the market demand is weak, and there is mainly a need for replenishment, resulting in limited new orders in the market. As of August 14th, the market price of 55 powder ammonium in Hubei region is around 4350-4450 yuan/ton, in Henan region it is around 4400-4500 yuan/ton, and in Sichuan region it is around 4300-4350 yuan/ton.
In terms of raw material sulfur. This week, sulfur prices have adjusted narrowly, and market supply and demand have remained stable. Downstream demand for replenishment is urgent, and market trading is cautious with a strong wait-and-see attitude. It is expected that the short-term sulfur market price will mainly operate at a high consolidation level.
3、 Future forecast
Analysts believe that the market trend of ammonium phosphate has been narrowly declining recently. Raw materials are running at a high level, and costs are still supported, but downstream procurement enthusiasm is weak. It is expected that the short-term market for ammonium phosphate will mainly experience a narrow consolidation and operation.