In recent years, the urea market has been depressed, the price has continued to decline, the market is light and the attention has declined, but the issue of urea futures listing has been discussed every day, and it is still hot in Feicheng. In the second half of the year, the negotiation of large contract for potash fertilizer import has also been paid close attention. Although the market of potash fertilizer is light and the potassium chloride shortfall factor dominates, the attention of negotiation of large contract has gradually increased. So what does monoammonium look at in the context of this downturn in Fertile City? Demand? Start-up rate? Stock? Raw materials?

Recent attention is not too high, but it is not without. It is known that some major traders and compound fertilizers still have purchasing intentions, but the price of ammonium has not reached the psychological price recently, so a large number of bottom-copy purchases are not yet ready. At present, the quotation of ammonium monoammonium is of no great significance. Enterprises have many single discussions. At present, 55% of the powdery ammonium monoammonium in Hubei large factories accepts from 1970 to 2000 yuan (ton price, the same below). Individual low-end acceptance from factories is slightly lower than 1950 yuan. In Shandong market, 55% of the powdered ammonium accepts from storage is slightly higher than 2100 yuan, and 58% of the powdered ammonium from Shandong accepts from storage is

_. The main reason why the price of Monoammonium has fallen is inevitably the unsatisfactory demand. Diammonium still has room for price reduction. It is reported that distributors in North China have already purchased it in the same period of last year, but some distributors are still watching this year. Sales of compound fertilizers have not improved, prices are not favourable, downstream distributors do not buy more, purchasing volume is reported to be reduced by at least one third compared with previous years. Compound fertilizer enterprises are worried about their own situation, finished fertilizer is not ideal, transportation is also slightly hindered, the start-up rate is low for a long time, the speed of raw material consumption inventory is slow, the main consumption of ammonium inventory in recent stage, new procurement is also inadequate. It is known that only a few compound mast factories have made adequate replenishment in recent years, but the quantity is not large.

Although the overall start-up rate of Monoammonium is still around 50%, the general trend is slightly higher than before. At present, the start-up rate of Monoammonium in Hubei has risen to 54.77%, 6.93 percentage points higher than that at the end of last month. Although there are still many enterprises not fully opened, the start-up rate is still at a higher level this year.

_Recently, due to the poor turnover of new orders, some of the pending shipments have no flow direction, and delivery is slightly difficult, so the inventory pressure of ammonium enterprises is gradually increasing. Even though the overall start-up of Monoammonium is still around 50%, it is difficult to hide the supply pressure of monoammonium. The main premise is weak demand. The increase of inventory pressure directly leads to price compromise.

_. The sulfur market of ammonium monoammonium raw material is still weak, the stock of the port is high and the rate of decline is slow, the exchange rate of the US dollar is high, the international sulfur market is weak, and the price of sulfur once went down. Although the downward space has been limited so far, the overall trend should not improve in the short term. At present, the price of granular sulfur in the Yangtze River Port has been as low as 740 yuan. Prices at Puguang Sulphur Wanzhou Port and Dazhou Factory also fell slightly this week, at 770 yuan and 740 yuan, respectively.

In summary, ammonium needs more attention, but mainly depends on demand. Demand is light. It is difficult for ammonium to make great progress. It is expected that there will still be a downward trend. It is known that the psychological price of bottom-reading purchasing by traders is about 1900 yuan (Hubei 55% ammonium powder ex-factory price).