In the third quarter, the production and sales of phosphate fertilizers in China improved, the prices were running low and they picked up. Imports of phosphorus and compound fertilizers increased and exports decreased. Output of sulfuric acid increased while the market remained stable. Imports of sulphur and sulphuric acid continued to increase.
According to the National Bureau of Statistics, the output of phosphate fertilizer in September was 1.39 million tons (P2O5, the same below), and the cumulative output was 10.53 million tons. According to the statistics of the Phosphate Fertilizer Association, the output of high-concentration phosphate and compound fertilizers was 7.336 million tons. In addition to the increase in output of diammonium phosphate, the output of other products declined to varying degrees. According to the data analysis of the high-level phosphate and compound fertilizer report form and the statistics bureau, the phosphate fertilizer association calculated that the production of phosphate fertilizer was about 10 million tons at the end of the third quarter, an increase of 4% year-on-year. Among them, the output of diammonium phosphate was 7.58 million tons (in kind, the same below), an increase of 22.7% year-on-year; monoammonium phosphate production was 5.36 million tons, a year-on-year decrease of 10.0%; phosphate-based ternary compound fertilizer output was 6.39 million tons, a year-on-year decrease of 9.7%; Heavy calcium phosphate production was 700,000 tons, down 11.5% year-on-year; Nitrophosphate production was 400,000 tons, down 23.6% year-on-year. Affected by the high level of potash fertilizer prices, the market for compound fertilizers has been deserted, and the demand for monoammonium phosphate has declined. This year, the operating rate of these two types of enterprises has only maintained about 55%.
In September, diammonium phosphate continued to maintain high production, with its monthly production reaching a record high of 960,000 tons and a cumulative production of 7.58 million tons. At present, most of the production enterprises have increased their production at different levels, with larger increases in Yuntianhua Furui, Yuntianhua Red Phosphorus, Sanhuan Sinochem, Sanhuan Cargill, Guizhou Open Phosphorus and Chongqing Win-win. In the domestic market, diammonium phosphate is more obvious as a substitute for compound fertilizers. In September, the production and sales ratio reached 113%. In the first nine months, DPG sales totaled 7.7 million tons, an increase of 41.1% year-on-year, and the average production and sales rate reached 102%. At the end of September, the company’s inventory was 1.46 million tons, a year-on-year increase of 22.5%, and inventory was still relatively large. The average ex-factory price of 64% diammonium phosphate in September was 2084 yuan (ton price, the same below), up 148 yuan over the previous month. At the beginning of November, 64% DAP factory price was 2200~2250 yuan.
In September, imports of phosphorus compound fertilizer increased and exports decreased. In the first three quarters, imports of various phosphorus compound fertilizers (in kind) amounted to 1.395 million tons, an increase of 156.5% year-on-year; exports amounted to 2.733 million tons (in kind), a year-on-year decrease of 23.1%. In the first three quarters, the net export volume reached 891,000 tons (P2O5), down 28.1% year-on-year.
With the increase in demand for phosphate compound fertilizer, the output of sulfuric acid increased in September. The monthly output was 5.19 million tons, a year-on-year increase of 21.1% and a growth of 5.5% from the previous period; the cumulative output was 41.97 million tons, an increase of 8.9% over the same period of last year. %). Due to the increase in production of smelting acid in Inner Mongolia, Jiangxi, Shandong, Henan and Gansu, the output of sulphuric acid production in Hubei, Chongqing, Sichuan, and Guizhou increased, which led to the growth of the national total.
After mid-September, due to the unstable demand in the downstream market, some market prices began to recover, and the sulfuric acid market became clear in October. The northern market is dominated by the Shandong market, prices rose slightly, or about 30 yuan; the South mainly to the East China and Central China markets, prices fell slightly, the decline is about 50 yuan. The price of smelting acid in the northeast region is about 240 yuan, about 250 yuan to 340 yuan in North China; the price in Shandong is low, the price is maintained at 130-160 yuan; 130 yuan in East China, about 130 yuan in Central China, and the mineral acid price in South China. 230 yuan; acid price of 300 yuan in Southwest China; actual transaction price of flue gas in the Northwest China is still around 50 yuan/ton.
Sulphur imports continued to increase in September, with imports of 1.2 million tons in the current month and an average CIF price of US$54.5. In the first three quarters, cumulative sulfur imports amounted to 9.72 million tons, an increase of 46.8% year-on-year.
According to the National Bureau of Statistics, the output of phosphate fertilizer in September was 1.39 million tons (P2O5, the same below), and the cumulative output was 10.53 million tons. According to the statistics of the Phosphate Fertilizer Association, the output of high-concentration phosphate and compound fertilizers was 7.336 million tons. In addition to the increase in output of diammonium phosphate, the output of other products declined to varying degrees. According to the data analysis of the high-level phosphate and compound fertilizer report form and the statistics bureau, the phosphate fertilizer association calculated that the production of phosphate fertilizer was about 10 million tons at the end of the third quarter, an increase of 4% year-on-year. Among them, the output of diammonium phosphate was 7.58 million tons (in kind, the same below), an increase of 22.7% year-on-year; monoammonium phosphate production was 5.36 million tons, a year-on-year decrease of 10.0%; phosphate-based ternary compound fertilizer output was 6.39 million tons, a year-on-year decrease of 9.7%; Heavy calcium phosphate production was 700,000 tons, down 11.5% year-on-year; Nitrophosphate production was 400,000 tons, down 23.6% year-on-year. Affected by the high level of potash fertilizer prices, the market for compound fertilizers has been deserted, and the demand for monoammonium phosphate has declined. This year, the operating rate of these two types of enterprises has only maintained about 55%.
In September, diammonium phosphate continued to maintain high production, with its monthly production reaching a record high of 960,000 tons and a cumulative production of 7.58 million tons. At present, most of the production enterprises have increased their production at different levels, with larger increases in Yuntianhua Furui, Yuntianhua Red Phosphorus, Sanhuan Sinochem, Sanhuan Cargill, Guizhou Open Phosphorus and Chongqing Win-win. In the domestic market, diammonium phosphate is more obvious as a substitute for compound fertilizers. In September, the production and sales ratio reached 113%. In the first nine months, DPG sales totaled 7.7 million tons, an increase of 41.1% year-on-year, and the average production and sales rate reached 102%. At the end of September, the company’s inventory was 1.46 million tons, a year-on-year increase of 22.5%, and inventory was still relatively large. The average ex-factory price of 64% diammonium phosphate in September was 2084 yuan (ton price, the same below), up 148 yuan over the previous month. At the beginning of November, 64% DAP factory price was 2200~2250 yuan.
In September, imports of phosphorus compound fertilizer increased and exports decreased. In the first three quarters, imports of various phosphorus compound fertilizers (in kind) amounted to 1.395 million tons, an increase of 156.5% year-on-year; exports amounted to 2.733 million tons (in kind), a year-on-year decrease of 23.1%. In the first three quarters, the net export volume reached 891,000 tons (P2O5), down 28.1% year-on-year.
With the increase in demand for phosphate compound fertilizer, the output of sulfuric acid increased in September. The monthly output was 5.19 million tons, a year-on-year increase of 21.1% and a growth of 5.5% from the previous period; the cumulative output was 41.97 million tons, an increase of 8.9% over the same period of last year. %). Due to the increase in production of smelting acid in Inner Mongolia, Jiangxi, Shandong, Henan and Gansu, the output of sulphuric acid production in Hubei, Chongqing, Sichuan, and Guizhou increased, which led to the growth of the national total.
After mid-September, due to the unstable demand in the downstream market, some market prices began to recover, and the sulfuric acid market became clear in October. The northern market is dominated by the Shandong market, prices rose slightly, or about 30 yuan; the South mainly to the East China and Central China markets, prices fell slightly, the decline is about 50 yuan. The price of smelting acid in the northeast region is about 240 yuan, about 250 yuan to 340 yuan in North China; the price in Shandong is low, the price is maintained at 130-160 yuan; 130 yuan in East China, about 130 yuan in Central China, and the mineral acid price in South China. 230 yuan; acid price of 300 yuan in Southwest China; actual transaction price of flue gas in the Northwest China is still around 50 yuan/ton.
Sulphur imports continued to increase in September, with imports of 1.2 million tons in the current month and an average CIF price of US$54.5. In the first three quarters, cumulative sulfur imports amounted to 9.72 million tons, an increase of 46.8% year-on-year.
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