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Himfr.com Analyzes Chinese Ammonium Phosphate Market

2009-09-08 20:28 1178


BEIJING, Sept. 8 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes the Chinese ammonium phosphate market.

In July, Chinese phosphate production was about 1.09 million tons, an increase of 16.8 percent compared with the same period last year; from January to July there was a total output of 7.7 million tons, an increase of 6.5 percent over last year. July ammonium phosphate fertilizer production was 1.5 million tons, a year-on-year increase of 39 percent, and from January to July cumulative production was 9.7 million tons, an increase of 18.22 percent. 

As the autumn market has gradually started, ammonium phosphate prices have risen slightly and sales have turned around, so enterprises have increased their efforts.

August MAP prices experienced a slight rise and then returned to a stable trend. Fifty-five percent of the powdered MAP ex-factory price is about 1,550 to 1,600 yuan / ton; 55 percent of the granulated MAP

ex-factory price is 1,550 to 1,650 yuan / ton. The product sells best in Henan and Hubei, and the volume is rapidly rising. Granulated ammonium sells slightly better than powdered ammonium. Although the use of fertilizer has increased, which has led to an increase in confidence for enterprises that make ammonium, the actual transaction price has remained at previous levels. 

The July export volume of DAP was 273,000 tons, twice that of June. MAP export volume was about 28,500 tons, a decline of 60.5 percent. Although the same off-season tariffs were being implemented, the export situation was very different, so that prices were not the only factor in determining exports; international market demand was the main reason for the decision regarding exports.

The international market demand for DAP is still good, and because the international diammonium market supply was tight in August, international diammonium prices have been rising in the short term, but the rise is limited.

Himfr's analyst reports that currently the compound fertilizer market is slow, and sales are difficult, so in September compound fertilizer enterprises should be more cautious when purchasing raw materials, slow down the pace of purchase and reduce the number of purchases, which will affect MAP sales. In addition, the prices of raw materials for urea and potash fertilizer continued to fall, which also affected compound fertilizer manufacturers purchasing ammonium. The main forces behind the market's rebound are small and medium compound fertilizer enterprises, and purchasing is weak. Therefore, MAP prices are unlikely to rise; it is expected that sales will plateau in mid-September.

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Source: Himfr.com
Keywords: Chemical
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