Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 11th, the average market price of compound fertilizer was 3,050 RMB/ton, and on May 4th, the average market price of compound fertilizer was 3,060 RMB/ton, a decrease of 0.33% from last week.

Analysis review

In terms of cost

The ammonium biphosphate market was operating strongly, with slight price adjustments in some regions. There were many pending orders from ammonium biphosphate manufacturers, and some factories had received new orders in the near future. The DAP market was steadily consolidating and operating, and the overall trading atmosphere was average. The domestic supply of potassium sulfate and potassium chloride was slightly tight, and the equipment was operating normally.

In terms of supply and demand

The compound fertilizer market had fluctuated and adjusted, and the market sentiment is expected to improve in the short term. The intention to raise prices had increased, and some companies were trying to raise their prices, but the follow-up on transactions was limited, and the market continued to digest previous orders as the main focus. High nitrogen fertilizers had been boosted by the rise in urea prices, resulting in a slight increase or suspension of orders in some areas.

Market outlook

It is expected that the compound fertilizer market will operate to be stronger next week, with a strong raw material market and cost support in the near future. High nitrogen fertilizers were being sold at high prices, leading to tight supply in some regions and rising prices, resulting in a decrease in low-end market prices.

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