Commodity News
SunSirs: Expected Short-term Upward Trend in the Price of Diammonium Phosphate
August 24 2023 14:15:30Latest price of diammonium phosphate (August 23): 3825 RMB/ton, bullish in the future
Key points of analysis: Recently, the market for diammonium phosphate has been improving, with prices rising. On the 23rd, the price increased by 2.00% compared to the previous trading day.. Downstream demand has increased, and inquiries have begun to increase. At present, the supply of ammonium phosphate in the market is tight, with most manufacturers suspending orders and traders reluctant to sell. Export orders are good and prices have increased.
Future forecast: It is expected that the short-term price trend of diammonium phosphate will be strong and upward.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-09 SunSirs: Demand Was Low and the Ammonium Phosphate Market Was Weakly Downward (April 1-8)
- 2023-10-18 SunSirs: Entering October, the Ammonium Phosphate Market Was Consolidating at a High Level (October 1-17)
- 2023-08-01 SunSirs: The Price of Ammonium Biphosphate Increased, While the Market for DAP Remained Firm (July 24-28)
- 2023-07-21 SunSirs: Sufficient Orders for Ammonium Biphosphate, Poor Demand for DAP (July 14-20)
- 2023-06-09 SunSirs: Poor Demand, Ammonium Phosphate Prices Continued to Decline (June 1-8)
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