Ammonium Phosphate Weekly Report: Domestic Sales Declined

The domestic market for ammonium phosphate was settled, and the settlement of the manufacturers was nearing completion. The first-line farmers still had sporadic purchases of fertilizers, but the prices in the domestic market were difficult to see. Both manufacturers and traders aim to export. However, judging from the current state of the international market, exports still face no small resistance this year.

Diammonium prices in the domestic market closed down. At present, dealers above the county level are basically in the clearance stage, and the settlement between manufacturers and distributors is basically over. Some dealers with a small amount of bulk cargoes either sell at a low price or deploy elsewhere, and the overall market is already in a stable position. Last week, 64% of diammonium in the northeastern part of the country was sold out at a low price of 2,600 yuan (t price, the same below). This price only released the signal of the domestic market for diammonium, which has little impact on the frontline market.

There are still more than 20 days before the opening of the ammonium phosphate export gate. This year's export situation will not only affect a small amount of ready-to-sell market in summer, but will also directly determine the market trend in autumn. From the current point of view, diammonium export pressure is greater.

The first is that there is still a high probability that the upstream raw materials will pull down the price of international ammonium phosphate. Since March, international prices have been drained all the way, and China's CIF price fell from the highest point close to 200 US dollars to the lowest point near 120 US dollars. ** The drop in price brought pressure on the decline of international diammonium price, and the buyer waited and watched.

Followed by the international diammonium prices step by step lower. Since late March, the diammonium market in the international market has been steadily rising before it has changed, and it has entered a sinking channel. As of April 18, China's diammonium FOB price temporarily stabilized at 420 to 450 US dollars, but Tampa and India's prices are still falling, which gives enterprises greater pressure to negotiate and sign the bill.

Finally, India's prices are still confusing. As China's off-season exports have not yet opened, India has recently taken goods from Saudi Arabia and other places. The CIF price is between 460 and 470 US dollars. However, the Indian side expects that the price of diammonium CIF will be between 440 and 450 U.S. dollars after mid-May due to the decline in prices and the availability of adequate supplies in China. The price means that the Indian side will further depress China's diammonium FOB price, which dampens the export enthusiasm of domestic manufacturers. Because of this, domestic manufacturers have not yet reached a substantive price agreement with India.

In summary, diammonium is still facing a situation of low price and quantity this year. It is still difficult to determine whether the low price can provide a balance between supply and demand in the domestic autumn market.

The mono-ammonium market is difficult to change, trading is light, and prices are running low. The area of ​​parking restrictions for production in major producing regions is continuously expanding, and bad factors have been aggravated. Each manufacturer no longer offers in-quote, take the goods to a single discussion. It is reported that the actual ex-factory price of 55% ammonium chloride in Sichuan and other places has been around 1,750 yuan, mainly based on foreign trade orders.

The current export situation is not obvious for domestic manufacturers to take the goods. Only a few companies are implementing export contracts and the prices are low. Intra-ammonium trade in foreign trade is insufficient, prices are still showing a downward trend.