I. Price Trend
According to the Commodity Market Analysis System of Business Society, the average market price of domestic 55% powdered monoammonium phosphate was 3,846 yuan/ton on February 1 and 3,843 yuan/ton on February 6. This week, the price of monoammonium phosphate decreased by 0.09%.
II. Market Analysis
This week, the monoammonium phosphate market experienced a slight fluctuation and decline. The price of raw material sulfur decreased, weakening cost-side support. Downstream demand was limited to essential restocking, with pre-holiday demand appearing relatively subdued. As of February 6, the market quotations for 55% powdered monoammonium phosphate were approximately 3,840–3,900 yuan/ton in Hubei, 3,900–3,950 yuan/ton in Henan, and 3,750–3,850 yuan/ton in Sichuan.
In terms of raw material sulfur, the sulfur market declined this week. Downstream procurement remained cautious, and market trading sentiment was sluggish. As of February 6, the reference price of sulfur in Shandong was around 3,983 yuan/ton.
III. Future Outlook
Analysts from Business Society specializing in monoammonium phosphate believe that the market has recently been adjusting within a narrow range. Currently, the market is primarily driven by pending orders, with costs remaining high and downstream demand moderate. It is expected that the monoammonium phosphate market will remain stable and consolidate in the short term.
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