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In recent days, the price of Monoammonium has been significantly reduced. The factory price of Monoammonium of some enterprises in Yunnan, Sichuan, Anhui, Henan and other places has declined. Although the enterprises in Hubei still suspend the external quotation or maintain the early quotation, according to the downstream feedback, the price of some enterprises has declined significantly. At present, 55% of the mainstream factory price of powdered monoammonium in Hubei Province is 1900-1950 yuan (ton price, the same below), which is actual The factory price of 55% powdered ammonium of Sichuan large factory has been reduced to 1800 yuan for two consecutive weeks. It is reported that the actual warehousing price in Shandong is only 1940-1950 yuan. It is heard that the warehousing price of 55% powdered ammonium of Hubei Province in Shandong has also dropped to about 2000 yuan. It can be seen from the above that monoammonium has been fully opened down, so what will the market do in April?
Demand side. It is reported that after the production of spring fertilizer, the compound fertilizer enterprises immediately produce summer fertilizer, which is basically not out of stock. This year's special situation makes the market different from previous years. I heard that the sales situation of the compound fertilizer enterprises so far is relatively ideal. After the tense purchase from February to March, some of the compound fertilizer enterprises in Hefei have relatively sufficient stock of Monoammonium. There are still some early orders coming to the factory one after another, In recent years, new procurement slows down. Although there is a certain demand for procurement in April, it is expected that most of the compound fertilizer enterprises are not eager to purchase, and there should not be a large number of centralized procurement. With the introduction of new prices by the monoammonium plant, the compound fertilizer enterprises will mainly purchase according to their own conditions.
Supply side. By the end of March, the national average operating rate of Monoammonium was 43.10%, 7.9 percentage points higher than that of the end of last month. The operating rate of Hubei enterprises has risen significantly, which is close to 50% at present and less than 30% at the early low end. With the gradual recovery of the operating rate and the increase of supply, the pending orders of Monoammonium enterprises in Hubei and other places can be executed until the middle of April. At the latest, at the end of April and the beginning of May, the pending orders are gradually reduced, and the shipment is gradually smooth. The recent inventory pressure of the enterprise is not large, but the new orders are not many. Some small factories say that 55% of their own inventory of powdered ammonium will exceed 10000 tons in the first ten days of May.
Raw materials. After the outbreak, the sulfur market atmosphere was good, but the recent international market was poor, and the price of imported sulfur continued to fall. At present, the price of granular sulfur such as Yangtze River port has dropped to 630 yuan, which is close to the lowest price before the Spring Festival. The price of Puguang sulfur Wanzhou port and Dazhou plant area has been stable at 700 yuan and 630 yuan for two consecutive weeks. Considering that the storage of sulfur port is still close to 3 million tons, it is expected that sulfur will be hard to be available in a short time A sharp recovery is possible.
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