1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of 55% powdered ammonium in China was 3966 yuan/ton on March 6th, and 3890 yuan/ton on March 1st. This week, the market price of ammonium phosphate increased by 1.97%.
2、 Market analysis
This week, the market for ammonium phosphate has shown a strong upward trend. The rise in raw material prices has led to an increase in cost support. Downstream replenishment is based on demand, with market orders being the main focus. As of March 6th, the factory price of 55 powder ammonium in Hubei region is around 3950-4000 yuan/ton, in Henan region it is around 4000-4050 yuan/ton, and in Sichuan region it is around 3850-3950 yuan/ton.
In terms of raw material sulfur. Due to the impact of geopolitical conflicts, sulfur prices have risen significantly this week. The market trading atmosphere has improved, and holders are mainly reluctant to sell. As of March 6th, the reference price for sulfur in Shandong region is around 4313 yuan/ton.
3、 Future forecast
An analyst from Shengyi Society believes that the market trend of ammonium phosphate has been on the rise recently. At present, the high cost support, coupled with the season of spring plowing and fertilizer use, makes the ammonium market mainly bullish. It is expected that the short-term market for ammonium phosphate will continue to operate strongly.