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Weekly Market Update: Fertilizer Prices in China - August 2024.

Compound Fertilizers As August enters the traditional sales peak season, compound fertilizers may see a sales surge. Farmers' demand for fertilizers has increased, but the purchasing willingness of distributors and farmers remains weak. To stimulate sales, some companies have introduced a pick-up discount policy of 20-50 yuan/ton to attract early purchases. Prices are expected to remain relatively stable this week, with slight fluctuations in some varieties. Monoammonium Phosphate (MAP) The market price for MAP is stable with slight declines. Companies still have pending orders, and EXW prices remain firm, but the market trend is weak, and new orders are slow to follow. Compound fertilizer factories are slow to increase production, and the prices of raw materials such as phosphate rock and sulfur are rising, while synthetic ammonia prices are falling. MAP prices are expected to remain stable in the short term.


In Hubei, the price for 55% powder MAP is mostly 3350-3400 yuan/ton, and 55% granules are 3350 yuan/ton. In Yunnan, 58% powder MAP is priced at 3400-3450 yuan/ton, and 55% powder is 3250-3300 yuan/ton. In Sichuan, 55% powder MAP is priced at 3300-3350 yuan/ton.


Diammonium Phosphate (DAP)

The market price for DAP is stable with slight increases. Companies have pending orders supporting prices, the domestic market is temporarily stable, and export demand is high, leading to rising export prices. DAP prices are expected to continue rising slightly in the short term.


In Gansu, the price for 64% granules DAP is 3750 yuan/ton. In Hubei, the EXW price for 64% DAP is 3650-3750 yuan/ton, and in Yunnan, the EXW price for 64% DAP is 3600-3650 yuan/ton.


Potassium Chloride (KCL)

The market price for potassium chloride remains stable, with overall limited supply and fewer new transactions. For domestic potassium chloride, Qinghai Salt Lake facilities are operating normally, but some small plants are still under maintenance. Market prices range from 2500-2530 yuan/ton. For imported potassium chloride, new shipments are arriving at ports, but customs clearance is slow, and available supplies are limited, concentrated in the hands of major traders. The price for 62% Belarusian white potassium at the port is 2500-2600 yuan/ton, and the mainstream price for 60% Laos white potassium is 2430 yuan/ton.


Potassium Sulfate

The potassium sulfate market is overall weak. Due to unfavorable conditions for sulfuric acid and hydrochloric acid, costs have risen, demand is low, and prices have significantly fallen from previous levels. Resource-based potassium sulfate production is low, leading to tight supply. For processed potassium sulfate, Mannheim plants are operating at a high level, about 70%, but demand is weak, and prices have slightly declined. The current price for Mannheim 52% fully soluble potassium sulfate powder is 3500-3600 yuan/ton.


Attention: The above information is for commercial reference only due to the diversity of information collected, and Kelewell is not responsible for the authenticity of the data.




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