In the recent stage, urea has gone through several times of exploration, with little effect. The quotation of enterprises has become stable or accompanied by narrow fluctuations. As of this Friday, the receiving price of urea from compound fertilizer plants in Linyi, Shandong Province is around 2370 yuan (ton price, the same below). There is still supply pressure in the market. Recently, it is rumored that India standard China will ship 2-3 ships, and there are also national reserve documents issued recently. Urea may rebound under the condition that the general trend is stable and small, However, the daily output of urea has increased, and the market supply pressure has increased. In the long run, urea still has the risk of falling.

Urea "can't catch up with the shelf", and the market of diammonium is not ideal. The false high quotation of factories continues to decline. The mainstream ex factory quotation of 64% diammonium in Hubei Province is about 3700-3750 yuan. Although the official quotation of major factories in Yunnan has not changed, the buyout has been changed to minimum guarantee. At present, the quotation of 64% diammonium at the first arrival of National Railways in North China and other places is about 4200 yuan. Low prices frequently appear in the market. Some are only for core customers, and some are available to all customers. As long as there is a deal, the price should be negotiable, It is reported that the arrival price of 57% diammonium in Hubei Province in Jiangsu is only 3150 yuan, the outbound price of 64% yellow diammonium in Hebei is 3650-3700 yuan, and the outbound price of 57% diammonium is 3200-3250 yuan. In short, the market of diammonium is not a matter of price, but of poor demand.

1、 Exports tightened, domestic demand was weak, and competitiveness increased. As of this week, the offshore guidance price of 64% diammonium in China and the onshore guidance price of 64% diammonium in India have dropped to US $825-840 and US $820-830 respectively. The downward trend of diammonium prices has lasted for more than a month. It is understood that there are not many export orders for diammonium in the near future, mainly limited by the government's export quota policy. Even in the fourth quarter, the overall export quota of diammonium is not large, and the international price and demand are not satisfactory, Most diammonium enterprises shift their sales focus to the domestic market. One enterprise lowers its price, and other enterprises have to follow suit. Moreover, downstream traders and distributors are still eager to sell goods in the early stage, and low prices frequently appear. Enterprises also continue to lower their prices. Although the official prices of some large manufacturers are still high, the actual prices for core customers are low. This situation has not significantly improved the demand, At present, there is no great hope for the autumn market, and enterprises have turned their attention to the winter market. At present, it is still early to meet the demand for winter storage, and naturally there is little effect.

2、 The supply pressure is high. Although the overall operating rate of diammonium has been maintained at a low level, export restrictions and other factors have gradually increased the inventory pressure of diammonium enterprises. In addition, traders still have early-stage diammonium inventory in their hands. The overall social inventory consumption is slow, and the sales of enterprises are also slow. The inventory is bound to be large, with the risk of warehouse explosion. Some enterprises choose to gradually sink diammonium into the downstream warehouse, or even ship it to the Northeast earlier, It is understood that the inventory of diammonium in some ports is also relatively large. In the short term, the inventory pressure of enterprises is difficult to be relieved.

3、 The recovery of raw sulfur is not enough to relieve the pressure of diammonium. Up to now, the price of granular sulfur in the Yangtze River port has risen to 1220 yuan and then dropped to 1180 yuan in a narrow range, an increase of 150 yuan over the same period of last month. This week, the price of sulfur in Wanzhou port and Dazhou plant of Puguang has risen to 1250 yuan and 1120 yuan respectively, an increase of about 200 yuan over the same period of last month. This has indeed brought some support to the cost of diammonium, but the overall boost is not large, mainly because the negative factors of diammonium dominate, and a little good can not reverse the decline. It is reported that the official quotation of phosphorus ore will be lowered in September, but in fact, the sales price of traders has already dropped compared with the previous period, and the sales are not ideal. On the whole, although the cost support of raw materials for ammonium phosphate has been strengthened, it is not strong enough.
In conclusion, disadvantageous factors of diammonium still dominate. Under the background of weak demand, diammonium enterprises have no chance to turn around for the time being, and the quotation may still continue to decline.