In January, the new minimum guarantee policies for monoammonium enterprises were introduced successively. At present, most of them can be guaranteed to the end of February or March. It is reported that 55% of the mainstream factory price of powdered monoammonium in Hubei Province is slightly reduced to 1750-1800 yuan (ton price, the same below), the actual acceptance factory price is 1730-1780 yuan, 58% of the mainstream factory price of powdered ammonium and 60% of the mainstream factory price of powdered ammonium are reduced to about 1900-1950 yuan and 2000 yuan respectively. The transaction is close to the quotation. Sichuan University The price of 55% powdered ammonium from the factory is only 1700 yuan, and it is heard that the factory price is only 1650 yuan. It is reported that in the early stage, Hubei large factory offered 1800 yuan to the downstream for delivery, and this week's latest offer was lowered to 1780 yuan for delivery, which shows that enterprises are eager to receive new orders. It can be seen that monoammonium enterprises have made compromises. Many years ago, they were competing for a few orders. Why does this happen?
    first of all, the demand has not improved significantly in the long term, and it is difficult to focus on a large number of procurement in the short term. In recent years, the strategy of purchasing monoammonium in compound fertilizer enterprises has been changed to take the right amount of goods on demand. In previous years, the hot situation of large-scale centralized purchase has not appeared since last year. The main reason is the sales pressure of compound fertilizer enterprises and the starting pressure brought by safety and environmental protection inspection. The price of downstream agricultural and sideline products in recent years is relatively low, the farmers' enthusiasm for planting has been reduced, and the amount of fertilizer used has also been reduced Compared with the previous years, it has decreased. In addition, the emergence of new fertilizers in recent years has replaced some of the traditional fertilizers to some extent. The acceptance of the compound fertilizer by the dealers at the grass-roots level has weakened. The sales of the compound fertilizer enterprises are not ideal. In order to keep the market, the price is low, but the dealers at the grass-roots level do not buy much. In recent years, the normalization of environmental protection and safety inspection has kept the operating rate of compound fertilizer enterprises at a low level for a long time. In addition, the above-mentioned poor sales make it difficult for enterprises to maintain a high operating rate even if they can fully open without order support. Although some compound fertilizer enterprises have some plans to make up their positions before and after the Spring Festival, they are still under careful consideration.
Secondly, the start-up is still low, but the new orders are slow and the inventory pressure increases. In 2019, the operating rate of Monoammonium was only maintained at 40-50%, in 2020, it was at a low level, less than 40%. Some small factories were in a long-term shutdown, some large factories were not fully opened and the overall operating rate was kept at a low level due to environmental protection pressure, sales pressure and other factors. Some enterprises started and stopped, and the production structure was adjusted at any time according to the market situation of different kinds of Monoammonium. However, not all enterprises can adjust the production structure at any time. The sales of 55% or 58% of agricultural monoammonium are not ideal, the new orders are not successful, and the inventory pressure gradually appears. In addition, in recent years, due to the cancellation of preferential railway freight rates in some regions and the approaching Spring Festival, there are fewer vehicles and the rising freight, the monoammonium shipment is also affected to some extent.

In the end, the price of raw sulfur continued to decline for one year, and it just picked up a little, but not much. Since December 2018, the sulfur price has been declining. The spot price of the port has dropped from 1400 yuan to 455 yuan, a low point in late November 2019. The sulfur price of Puguang Wanzhou port has dropped from 1600 yuan to 520 yuan in late November 2019. Recently, the spot price of the import sulfur port and the sulfur price of Puguang Wanzhou port have risen by 600 yuan and 570 yuan respectively, but the increase is not large, and the impact of the excessive storage of the import sulfur port is also significant In the short term, sulfur prices are unlikely to rise sharply.