Weekly Market Highlights for Compound Fertilizers, Phosphorus Ammonium, Yellow Phosphorus, and Phosphorus Intermediates
June 12, 2024, 9:21 AM
Feidoodoo
2541
Guide
Highlights at a glance
The compound fertilizer market shows mixed trends, with urea recovering from recent lows while phosphorus and potassium prices remain weak. Market activity is subdued as distributors stay cautious amid limited volume. In the phosphorus ammonium sector, sulfur granule prices dipped to 920 yuan/ton at Yangtze River Port, and synthetic ammonia prices in Hubei fell sharply by 450 yuan/ton. Downstream compound fertilizer operating rates slightly declined to 38.14%, though a rebound is expected. DAP producers have largely resumed operations post-environmental restrictions, supporting domestic supply, but demand remains soft. Meanwhile, yellow phosphorus prices stabilized between 22,600–22,800 yuan/ton as producers avoid low-price exports post-holiday. Yunnan’s output saw minor declines, yet overall operations remain steady. Phosphorus trichloride prices rose slightly to 5,800–5,900 yuan/ton, supported by higher raw material costs. Cost pressures continue to underpin market stability across k
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.
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June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
