Compound Fertilizers, Ammonium Phosphate, Sulfuric Acid, Yellow Phosphorus, and Phosphorus Intermediates Market Highlights This Week

Compound Fertilizer Market Highlights:

1. Downward trend in upstream raw materials;
2. Increased negotiation space in actual transactions, with a local decline in high-end prices;
3. Shipment improvement remains limited, and insufficient to boost downstream confidence.

Ammonium Phosphate Market Highlights:

1. This Thursday, the self-pickup reference price for sulfur granules in the Yangtze River port was 820 RMB/ton, down 30 RMB/ton from last Thursday;
2. Hubei's spot market price for synthetic ammonia is 2800-3000 RMB/ton, down 100/-50 RMB/ton from last Thursday;
3. The overall operation rate of downstream compound fertilizer decreased to 35.78%, a 2.18% decrease, expected to decline next week;
4. Ammonium sulfate downstream compound fertilizer production declined, with limited demand follow-up;
5. Limited release of goods by Diammonium Phosphate enterprises this week, with stable factory prices and focus on ensuring supply and stabilizing prices;
6. Weak agricultural demand for Diammonium Phosphate, continued market wait-and-see attitude, and slow goods movement.

Sulfuric Acid Market Highlights:

1. Continued downturn in the domestic sulfuric acid market this week, with a decline in many areas;
2. The average domestic price of sulfuric acid was 150 RMB/ton this week, a 21.05% decrease from last week;
3. Today's total sulfur port inventory is 2.7185 million tons, with a reference price of 820 RMB/ton, a 3.53% decrease from last week;
4. This week, the operating rate of the Monoammonium Phosphate industry was 50.28%, down 2.15% from last week; the operating rate of the Diammonium Phosphate industry was 54.83%, down 0.36 percentage points from last week.

Yellow Phosphorus and Phosphorus Intermediates Market Highlights:

1. 23400-23500 RMB/ton: Manufacturers holding prices, mainly dispatching previous orders, low downstream purchasing enthusiasm, and quiet market transactions.
2. 13,000 tons: Slight increase in yellow phosphorus enterprise production, slightly increasing market supply.
3. 6000-6100 RMB/ton: Slight increase in Trichlorophosphine price, rising raw material market, strong cost support, weak downstream demand, and difficulty in moving goods.