Waypoint Market Update - July 2024

As we wrap up July, Waypoint have gathered insights from our suppliers on the latest market trends for raw materials and fertilisers in China. Here’s a brief summary:
1. Raw Materials
Sulphur: Prices have increased by 12.9%, with inventory at ports dropping significantly.
Sulphuric Acid: A 20.6% price increase due to supply constraints from maintenance activities.
2. Fertilisers
Nitrogen Fertilisers
Urea: Down by 4.7% due to decreased demand and rising inventories.
Ammonium Sulphate: Prices are also down by 8.4%, though the decline is slowing.
Phosphate Fertilisers
MAP TG: Operating rates are down to 51.4%, with a 7.8% price drop.
MAP (Battery Grade): Up 56.5% over 2023, driven by LiFePO4 production.
UP TG: A drop of 8.0%, reflecting weak export support post-spring season.
Potassium Fertilisers
MOP: Stable at USD 273/MT, but with reduced port inventories and low operating rates.
SOP: Holding steady with high operation rates.
MKP: Down 4.0%, Phosphoric Acid is strong, but challenging pricing dynamics.
3. New Energy
FePO4 & LiFePO4: Markets remain flat with weak demand and negative margins.
Given these trends, how should we navigate the upcoming months? Are there opportunities for strategic purchasing or partnerships?
Related posts
Waypoint's outlet to help you navigate global markets.

Foundation 5: Sulphuric Acid

Foundation 4: Sulphur

Foundation 3: Rock Phosphate

Foundation 2: Muriate of Potash

Foundation 1: Ammonia

Fertiliser Introduction | A Series

November 2024 Market Update: Fertiliser & Freight

Phosphate Market Update

China’s Fertiliser Market Update

Navigating the Transition to Green

September Fertiliser Market Update: Shifts and Trends

Shifting Focus to Phosphate Markets in Asia

Navigating Fertiliser Importation: Boosting Sub-Saharan African Agriculture

The Evolution of Fertilizers in LATAM

BHP's Jansen Project: A New Frontier in the Global Potash Market

Fertiliser Market in Ukraine: 2024 Overview

The Increasing Demand and Consumption of Fertilizers in Japan: A Growing Focus on Sustainability and Water-Soluble Fertilizers

Navigating the European Fertiliser Market: How New Regulations Are Shaping the Future

Innovative Agriculture Solutions: How Greenhouses Are Boosting Food Security in MENA

The French Fertilizer Market in 2024: Trends, Challenges, and Opportunities

The Rising Demand for Water-Soluble Fertilizers in India

The Future of Sustainable Agriculture: How Ammonia is Transforming the Fertiliser and Energy Industries (September 2024)

Navigating Volatility: Key Market Trends in the Global Fertiliser Industry (September 2024)

Green Energy Investments: Opportunities and Challenges in the Fertiliser Industry

Waypoint Market Update - July 2024

Unlocking the Power of Glycerine: A Comprehensive Guide to Its Uses in Various Industries

The Essential Guide to Understanding and Utilising Common Industrial Solvents

Ensuring Industrial Hygiene: The Role of Detergents and Cleaners

Building a Safe Future: Best Practices for Water Treatment Chemicals Such as Calcium Chloride and PAC

Specialty Chemicals: The Role of DEIPA, Sodium Gluconate, and TIPA in Construction

Fertiliser Fundamentals: Understanding the Role of Ammonia in Agriculture

Maximizing Crop Health: The Significance of Micronutrients in Modern Agriculture
.jpg)
From Soil to Harvest: How Phosphates Boost Crop Yields and Farm Productivity
.jpg)
Cost-Effective Potash Solutions: Navigating MOP and SOP for Procurement Professionals
.jpg)
5 Vital Reasons Why Nitrogen is Essential for Optimum Plant Growth

The Future of Commodity Chemicals Trading: Waypoint's Innovative Procurement Platform
Secure Your
Supply Chain
Access the industry’s most powerful physical commodity trading and data platform.
.webp)