June 3-8,2024

This week, the fertilizer market has shown certain fluctuations. The urea market is affected by the increase in agricultural demand, with prices fluctuating steadily upwards; The downstream demand for phosphate fertilizer remains stable, with a moderate to slight increase in prices; The supply of potassium fertilizer in the market is relatively tight, and prices are stable, moderate to strong; The compound fertilizer market has been affected by the increase in raw material costs, resulting in a slight increase in prices. However, the overall market supply and demand relationship is relatively stable. Overall, the fertilizer market is influenced by various factors such as supply and demand, raw material costs, and seasonal demand, exhibiting varying degrees of volatility. But the market supply and demand relationship is relatively balanced, and the range of price changes is limited.

●The urea market is strong and rising

Recently, the domestic urea market has been strong and upward, with a significant improvement in the overall trading atmosphere. Enterprise orders have improved significantly compared to the previous few days, and prices have risen in some regions, providing positive support for mainstream regions. In terms of demand, as the summer crop planting season gradually deepens, especially with the approaching time for top dressing in the Northeast market, agricultural demand begins to increase; After the peak period of concentrated operation in the early stage, the production of compound fertilizer factories gradually entered a stable period, and large compound fertilizer factories entered the end of demand, with a focus on purchasing urea for essential needs.

In terms of specific prices, the factory price for small and medium-sized particles in Shandong is around 2300-2400 yuan/ton, the mainstream factory price for small and medium-sized particles in Henan is around 2310-2340 yuan/ton, the mainstream factory price for small particles in Hebei is around 2350-2370 yuan/ton, the mainstream factory price for small particles in Anhui is around 2380-2420 yuan/ton, the mainstream factory price for small and medium-sized particles in Jiangsu is around 2400-2430 yuan/ton, and the mainstream factory price for small particles in Hubei is around 2370 yuan/ton.

●DAP market maintains stability

In recent times, from the trend of price changes, the price of MAP has been affected by both demand changes and cost fluctuations. Traders have shown a slight upward trend in their quotations, but the market's purchasing enthusiasm has slightly cooled down, and some have become more wait-and-see; The price of DAP is relatively stable, mainly supported by stable supply and stable demand. However, there is not much demand for fertilizers in the summer, and the benefits are still limited. The industry has a strong wait-and-see atmosphere, waiting for large factories to introduce new prices to guide the market.

In terms of demand, the demand for MAP and DAP is greatly influenced by seasonal and regional factors. Summer is the peak period of agricultural production and also a period of strong demand for phosphorus fertilizers. However, as the demand for high nitrogen fertilizers in summer approaches its end, the demand for phosphorus fertilizers also shows a downward trend.

●Potassium fertilizer is stable and slightly strong

Recently, the potassium fertilizer market has shown an overall stable trend. The market supply and demand relationship is relatively balanced, and prices remain stable. Most downstream companies are not in a hurry to purchase, and the market trading atmosphere is average. However, as the summer crop planting season deepens, the demand for potassium fertilizer in some regions has increased. In terms of supply, the operating rate of potassium fertilizer production enterprises remains stable, and their supply capacity is guaranteed. However, due to the limited availability of goods in the market, the market supply is relatively tight.

In terms of price, the price of potassium chloride remains at a certain level. Currently, the price of 62% white potassium at the port ranges from 2520 to 2620 yuan/ton, and the price of large particles ranges from 2600 to 2620 yuan/ton. The reference price for 60% potassium chloride crystals from domestic large factories to the destination is from 2450 to 2500 yuan/ton. Domestic potassium sulfate manufacturers offer relatively high prices, and most of the factories are waiting to be shipped until late June. 52% of the powder in Shandong and Hebei has a factory price of 3550-3700 yuan/ton, while 52% of the powder in Sichuan has a factory price of 3500 yuan/ton. In the context of limited spot supply in the market, it is expected that short-term potassium fertilizer prices will remain stable and tend to be strong.

From:China fertilizer Net