** Meager profit margins

Upstream ** Market: This week, the market started to rise steadily, and even more individual traders have already begun to sell small and low-priced products. The factory once again took the initiative. At present, the Yangtze River Port is trading at 760 yuan/ton, Fangcheng. The transaction was at 720 yuan/ton, and the decline was significant.

Downstream Ammonium Phosphate Market: India's Chambal and Yuntianhua signed a 300,000-ton DAP contract at a price of 440CFR. Once this price is reached, the domestic ammonium phosphate market may usher in a new round of price cuts. The domestic ammonium phosphate market continues to be weak and the factories are under pressure.

**The domestic market: This week, the market performance was more pronounced in Shandong, mainly in Shandong Yanggu Xiangguang Copper Industry Co., Ltd., which raised the factory price continuously and was deeply concerned by the surrounding markets. However, the price adjustment is expected to be the main thing, mainly by the Dongying radius of the upcoming parking; mining 20,000 tons of smelting acid production outside North; compound factors such as Luxi, Yuxing consumption of its inventory and other factors contributed to the increase. Dongying has stopped and overhauled on September 1st, during which time it will accumulate inventory, and ** price will be raised by RMB 20/t in advance. Weifang Yingxuan Industrial Co., Ltd. made the first increase of 50 yuan/ton in acid production, but it was only a clear upward trend in sales. The Inner Mongolian market this week was mainly stable in the Jinjian and Xingan maintenance markets, and the prices were mostly low-priced transactions; the prices in the downstream factories in Shijiazhuang and Tianjin areas in Hebei Province received 98% of the sulphonic acid for 350 yuan/ton; the shipments in the Tangshan area were stable, and the factory The start-up is not high, and the price of downstream goods received 98% of sulphonic acid is 380-400 yuan/ton. Anhui-Jiangsu-Zhejiang-Hubei was mainly affected by Tongling nonferrous metals and Waltham low-cost shipments. The first was that Shuangshi was underemployed and quotation fell slightly; followed by Hubei Daye basically looking at Tongling's tone prices and adjusting prices, recently due to chemical fertilizers The increase in factory demand, coupled with its own transportation advantage, so the shipment is still available, the price is stable; Zhejiang by Huaertai low-cost shipments are relatively large, the current 98% sulfonic acid sent to Zhejiang to perform 180-200 yuan / ton, plus Ningbo The new Futian annual production capacity of 600,000 tons of ** acid start, even if the current operating rate is only 50%, but the market is still a small fluctuation, the impact of the later on the copper industry in Jiangxi is relatively large. This week, the markets of South China, Southwest China, and Northwest China are relatively stable. Northwest China has already fallen to a low point. At present, enterprises mainly dump dumping stocks, so sacrificing by-products to ensure normal production of main products; Southwest China mainly supplies large-scale fertilizer plants, but downstream ammonium phosphate starts. The rate is not high and the demand is reduced.

Some analysts believe that: ** This week, the market is stable, and individual regions have mixed. Mainly affected by the needs of the upstream and downstream markets and the trend of the majority, coupled with low prices of smelting acid impact the market, even if acid prices by high prices ** constraints, it is difficult to pick up support. There are institutional forecasts: In late August, the market is still concussed to consolidate and weaken, but individual regions will adjust their prices based on their own inventory and downstream demand.