Fertilizer market overview: Urea prices rose, synthetic ammonia suffered a decline

This week, the trend of the domestic fertilizer market has been clearly differentiated, urea prices continue to rise, synthetic ammonia prices have declined. As of Thursday, the mainstream price of small and medium-sized granular urea was between 1830-1910 yuan/ton, up 30-100 yuan/ton from last week. Affected by the tight supply and demand, the daily output of urea reached 19.4-196,000 tons, although some devices were temporarily halted due to failure, the overall shipment status was smooth, and the inventory fell to near 1 million tons.

In stark contrast to urea is the synthetic ammonia market. This week, the price of synthetic ammonia from the north to the south showed a continuous decline, the daily decline is generally 50-150 yuan/ton. In the early stage, due to the push up of the market atmosphere, the high price in the north encountered the contradiction of insufficient downstream demand, which prompted the price adjustment, especially in Shaanxi, the price adjustment was obvious, and the production of some ammonia enterprises in Shanxi and Shandong fluctuated, and short-term reduction supported the local market.

In phosphate fertilizer, mono-ammonium phosphate and diammonium phosphate markets remain strong. Although the downstream enterprises are not willing to purchase, many enterprises maintain the need to follow up, and most of them still execute the previous orders. Quotations remain high and the market is relatively flat. The mainstream market prices of mono-ammonium phosphate in Hubei and Shandong regions are around 3350-3380 yuan/ton and 3400-3500 yuan/ton, respectively.

At the same time, the potassium chloride market trend is stable, the domestic potassium operating rate has increased, the flow rate of imported potassium is slow, the market wait-and-see sentiment is strong, and the price has not changed much. The compound fertilizer market is facing the pressure of high costs, the overall trading atmosphere is weak, and the new single volume is limited.

The sulfur market also showed a regional differentiation trend, supported by the international market, but with the end of the spring farming season, demand began to decrease, and the trend of sulfur prices to fall gradually emerged.

Looking ahead to next week, the urea market is expected to remain firm, the price of synthetic ammonia will remain flexible, while ammonium carbonate and sulfuric acid need to pay attention to the cost fluctuations of raw materials and the recovery of downstream demand. Overall, the fertilizer market in the alternation of supply and demand and sentiment changes, how the future market development, still need to pay close attention to.

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