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Market dynamics of diammonium phosphate in Hubei

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July 20, 2023, 5:18 PM
July 20: Low-end quotations for diammonium phosphate in Hubei were reduced within a narrow range. Due to stable and weak downstream market demand, overall purchasing enthusiasm was average, insufficient follow-up on new domestic sales orders, and individual companies lowered prices to attract orders. 64% of Hubei's mainstream factories were shipped to 3,150 - 3,200 yuan/ton, and 57% of the factory quoted prices were 2,400 - 2,450 yuan/ton. The actual transaction was negotiated. In the short term, the diammonium market in this area will continue to consolidate and operate.