Diammonium starts to run at a high level

The shipment from the factory is coming to an end, and the supply of goods is gradually moving down. The retail phase of the Northwest and Northeast markets has gradually begun, but according to feedback from downstream distributors, the recent wholesale prices of diammonium have dropped to varying degrees, and even some industry insiders said that the wholesale prices of diammonium may decline further after entering April.

In terms of demand, the domestic grassroots market is gradually saturated, and international demand is confusing. After the tight shipment in March, the factory shipments are coming to an end. The arrival volume of the major diammonium markets such as Northeast and Northwest has reached more than 90%, basically getting rid of the shortage caused by social public events. Due to the poor price of diammonium in the early period, the overall pre-received price is low. Most of the current diammonium is sold at such low prices. Some areas with early fertilizers have entered the retail stage, but individual dealers have begun to reduce wholesale in order to avoid backlogs. price. At present, the wholesale price of 64% diammonium in Heilongjiang has been reduced to 2500-2550 yuan (ton price, the same below), the wholesale price of 64% diammonium in the northwest region has been reduced to 2400-2450 yuan, and the wholesale price of 64% diammonium in Xinjiang has been reduced to 2600 yuan. about. The international diammonium market is trading weakly due to the impact of public events. The major consumer markets of diammonium such as India and Pakistan are in the state of closure of cities and ports. In addition, it is difficult to judge the follow-up demand of the domestic locust disaster. The port's ability to receive goods is doubtful.

In terms of supply, the current domestic diammonium companies continue to operate at a high level in order to seize the tail of the spring market. Although the wholesale prices in various regions continue to fall, but most companies have enough pending orders in the spring sales, the possibility of a short-term start of decline Lower. Moreover, the time after the company has completed the pending orders in the hand will come to mid-April, when the orders in the North China market and the international market will keep up, plus individual factories will enter the rotation inspection after a long time at full load. period. Therefore, it is difficult to improve the situation of continuous supply of diammonium in the short term.

Inadequate cost support and poor market environment. At present, China's total Sulfur port has more than 2.8 million tons of stock, nearly double the same period last year, coupled with the sharp drop in crude oil prices, the cost of ocean transportation has been greatly reduced, the Sulfur market is scarce, and the price of port granular sulfur is around 620 yuan. The price of liquid ammonia is temporarily stable, but the overall level is still low, and the mainstream acceptance in Hubei is now 2600-2680 yuan. The domestic spring market generally enters the retail stage, and the contradiction between the supply of various fertilizers is highlighted. The daily output of Urea is close to 170,000 tons. The quotation has fallen by about one hundred yuan compared with the previous period. Once the follow-up price of the potash fertilizer contract is signed, it will fall. The domestic market is at the end of the spring market, the demand for various fertilizers is decreasing, and the overall market is running weakly.

In summary, the former futures sources mostly settled at low prices, and the overall market in Fei City was weak. In addition, in order to avoid inventory backlogs, some wholesale prices of diammonium gradually declined. In terms of factories, in order to try to seize the remaining orders in the spring market, diammonium will start operating in a short time. There is less market demand in summer, and there are only a few transactions in the international market.