Weekly Market Highlights for Compound Fertilizers, Phosphorus Ammonium, Yellow Phosphorus, and Phosphorus Intermediates

June 12, 2024, 9:21 AM
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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
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