**: The port market is relatively stable

[Port ** dynamics]

March 2, 2015: The port market is relatively stable, and traders are generally reluctant to sell.

In terms of ports, the Qingdao port market is relatively stable. At present, the intention of getting goods from downstream factories is still not obvious. Only a few manufacturers in ports have returned shipments in small quantities. Traders have no apparent intention of shipping, and individual traders block prices at 1,300 yuan/ Ton, no deal message. Packets are priced at 1,380 yuan/ton, and demand is relatively low. Port inventory was basically the same as pre-holiday. Japan-South Korea liquid shipments were stable at around 20,000 tons, despite the fact that factories had been shipped back and forth around the Spring Festival.

The market mentality of the post-holiday ** market in the Yangtze River port is strong. As the port inventory continues to decline, Nantong stocks 240,000 tons and Zhenjiang stocks 170,000 tons. The Zhenjiang port has rebounded slightly due to the arrival of Kazakhstan blocks. Currently, the downstream plants are getting hesitant. Still waiting to see, the port granules negotiated a price of 1380 yuan/ton, most traders had no intention of shipping, and the temporary port supply was scattered, and the number of trade sulphur was small. Traders are optimistic about the short-term outlook, and the Yangtze River port is said to have about 4-5 ships. The expected arrival of the ship is relatively limited.

The post-holiday market in Fangchenggang was relatively calm, with shipments coming to Hong Kong one after another. In February, it totaled 8 ships, totaling about 250,000 to 300,000 tons, most of which were factory sources. The current inventory is about 390,000 tons, and the factory is gradually returning. Transportation, access to balance, this month has arrived in Hong Kong 6-7 ships, a total of 230,000 tons, is expected to arrive in Hong Kong. The price of the port negotiations was between 1380-1400 yuan/ton, and the trading was relatively limited.

Sinopec, the national refinery prices stable today, shipping is basically normal, Puguang Wanzhou Port sales price of 1350 yuan / ton, low inventory, the current factory getting goods gradually reduced, but the recent railway capacity is less than 2,000 tons / day, inventory is temporarily no pressure, ** With the follow-on, Dazhou offer 1260 yuan / ton, the current plant more than 80,000 tons of solid inventory, liquid * more than 40,000 tons of storage, inventory pressure is greater, with the southwestern region recently received the goods, inventory pressure It will be eased.

Analysts believe that the port market is basically stable today, and the two sides are still watching. At present, the UAE’s official quotation has not been announced in March, and most of the market is also paying attention to this price. However, it is understood that the current price of the external disk is negotiated at more than US$180/tonne CFR, although there are individual reports that there is a non-mainstream price of CFR175/ton, but Not confirmed. The Yangtze River Port currently negotiates prices at 1,380 yuan per ton, with limited transactions. Temporary traders have no intention of shipping at low prices. Port stocks continue to remain low, and it is expected that the factory will gradually enter the market later. The Qingdao port market is relatively stable, with block prices negotiating a price of 1300 yuan/ton. Due to the concentration of sources, traders are also not in a hurry to ship. The shipments to the refineries are normal, and there is no pressure on the main refinery inventory.

[Downstream product prices]

**: This week the domestic gambling market has stabilised as a whole and the downstream enthusiasm for procurement has been low. Market trading activity has been sluggish. Most regions have implemented contract pricing. The mainstream price of 98% sulfonic acid is 360-420 yuan/ton, 98% of smelting acid mainstream price. At 310-360 yuan/ton. At present, the demand in the domestic downstream terminal market is slowly recovering. Most companies are scheduled to drive after the first lunar January 15, so order-based production and shipments maintain a normal market trend. Raw materials ** The market has always been concerned about, the international market prices are stable, the domestic inventory is low, with the downstream demand gradually increased, after the increase in demand in the Southwest and Hubei regions, the market will be further lifted. The market trend of ammonium phosphate is stable, and it is close to the period of spring plowing. The production demand is relatively good. Forecast: The domestic market has a weaker and more stable market, with some downstream manufacturers gradually opening up and low inventory levels.

Ammonium Phosphate: At the beginning of the week, the market of ammonium phosphate continued to be dominated by single delivery volume before distribution. The monoammonium market as a whole was operating smoothly. It was generally affected by the enthusiasm of downstream compound fertilizer replenishment, and the limited investment in new orders was now the mainstream of the mono-ammonium industry in Hubei Province. Factory price of 55 powder 2050-2100 yuan / ton, 58 powder 2250-2300 yuan / ton, 60 powder 2350 yuan / ton, the actual transaction were a single proposal, the particle supply of a ammonium ammonium difficult to find, flow to the main set of ports for export. The diammonium international model is expected to be fine, and the mainstream of the diammonium phosphate (FOB bulk) is 475-480 US dollars/ton, supporting strong domestic sales quotation. The current price of your brand 64 diammonium is estimated to be 3000-3100 yuan/ton for the northeast and northwest mainstream stations. To be settled later; Hubei 64 mainstream factory price of 2,700 yuan / ton.