1、 Price trend
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According to the Commodity Market Analysis System of Business Society, the reference average price of 55% powdered ammonium on May 21st was 3016 yuan/ton, which is 2853 yuan/ton higher than the reference average price of 55% powdered ammonium on May 1st. The market price of ammonium phosphate has increased by 5.72%.
According to the Commodity Market Analysis System of Business Society, the reference average price of 64% diammonium phosphate in the market on May 21st was 3883 yuan/ton, which is 0.34% lower than the reference average price of 64% diammonium phosphate on May 1st, which was 3896 yuan/ton.
2、 Market analysis
domestic market
On May 21st, the domestic offer of monoammonium phosphate was as follows:
Region/ offer
Hubei region/ (55% powder) 2950-3050 yuan/ton
Henan region/ (55% powder) 3000-3100 yuan/ton
Anhui region/ (55% powder) 3000-3100 yuan/ton
On May 21st, the domestic quotation of diammonium phosphate was as follows:
Region/ offer
Hubei region (64% particles)/ 3600-3800 yuan/ton
Shandong region (64% particles)/ 3820-4050 yuan/ton
Shandong region (57% brown)/ 3470-3550 yuan/ton
In terms of cost
Market for raw material phosphate rock. After the May Day holiday, the demand for phosphate ore in the terminal market has improved, and the overall pace of phosphate ore shipments has been boosted. The overall supply and demand in the market have changed. Some mining areas have a tight supply of phosphate ore, and have started to raise the prices of mid to high end phosphate ore by about 20 yuan/ton. Subsequently, the overall high level consolidation operation of the phosphate ore market is expected, and the price of phosphate ore is expected to remain strong in the future. As of May 21st, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.
In terms of supply and demand
After the May Day holiday, the demand for ammonium phosphate in the market began to increase, and the trading atmosphere improved. The price of ammonium phosphate continued to rise. Most manufacturers suspend or restrict orders, resulting in a large volume of pending orders. Dealers are facing tight supply and are actively increasing their quotations. Although the operating rate has increased, the market supply is still tight. Compared to monoammonium, the domestic demand for diammonium phosphate is relatively weak, and the market situation is stable with minor fluctuations, with the main focus on exports. Supported by strong demand, it is expected that the demand for monoammonium will continue in the future, and the demand for diammonium corn fertilizer also needs to be improved.
export market
In recent years, China has implemented fertilizer inspection policies to restrict the export of phosphate fertilizers, resulting in a significant decrease in the export volume of phosphate fertilizers. The decline in phosphorus fertilizer production, coupled with the peak season of domestic demand in spring. Therefore, in the first quarter of 2024, China’s phosphorus fertilizer exports showed a significant downward trend. With the announcement of China’s new phosphorus fertilizer export quotas in 2024, from March 15, 2024 to April 30, 2025, the amount of diammonium phosphate (DAP) is about 5 million tons and the amount of monoammonium phosphate (MAP) is about 2 million tons. The export volume of phosphate fertilizer began to improve and increase in April. It is expected that the export situation will remain optimistic in May.
According to Chinese customs statistics, from January to April 2024, China exported a total of 310000 tons of ammonium phosphate, worth 168 million US dollars, a cumulative decrease of 53.8% compared to the same period last year; The amount decreased by 63.0%. The export quantity of ammonium phosphate in April was 210000 tons (0 tons in March), with a value of 109 million US dollars, an increase of 54.8% compared to the same period last year.
Major exporting countries of monoammonium phosphate in April 2024
Exporting countries/ Quantity (tons)/ Amount (USD)
Argentina/ 51000./25205000
India/ 48240./25116720
Brazil 43100./20350000
According to Chinese customs statistics, from January to April 2024, China exported 540000 tons of diammonium phosphate, with a total amount of 306 million US dollars, a cumulative decrease of 44.0% compared to the same period last year; The amount decreased by 51.0%. The export volume of diammonium phosphate in April was 400000 tons (30000 tons in March), with a value of 223 million US dollars, an increase of 20.2% compared to the same period last year.
Major exporting countries of diammonium phosphate in April 2024
Exporting countries/ Quantity (tons)/ Amount (USD)
Thailand/ 79996./45202955
Vietnam 68550./37622594
Pakistan/ 65486./36898847
3、 Future Market Forecast
According to analysts from Business Society, the demand for ammonium phosphate in the market has significantly increased, and the market continues to rise. Cost support, supply constraints, and improved export market conditions. It is expected that the short-term market for monoammonium will continue to remain strong and rise, and the demand for summer fertilizer for diammonium is also worth looking forward to.
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