Phosphate fertilizer daily review: Diammonium prices in Yunnan have dropped! Demand in the off-season sales is unlikely to improve (May 17)

Monoammonium phosphate price index:

According to Feiduo data, on May 17, the 55% powder index of China's monoammonium phosphate was 2,739.38, down; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,060.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market continued to weaken, and market prices in some regions were reduced within a narrow range. Among them, the price of 55 powder in Anhui dropped to 2,780 - 2,800 yuan/ton, and the price of 55 powder in Jiangsu dropped to 2,740 - 2,760 yuan/ton. Recently, some large monoammonium companies have continued to implement the minimum guarantee policy, small factories have sold at reduced prices, and downstream compound fertilizer factories have purchased small amounts on demand, resulting in weak market sales of new orders. At present, the ammonium monoamine industry has started slightly more than 30%, and the market supply and demand are both weak. Raw material prices were basically the same as yesterday, and cost support was weak and temporarily stable, but the market still holds a bearish mentality. Overall, the monoammonium market will continue to operate weakly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 17, the 64% particle index of China's mainstream diammonium phosphate was 3,751.67, down; the 60% brown index was 3,400.00, stable; and the 57% content index was 3,107.50, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market continues to fall, and the market price drop is generally 50 yuan/ton. However, the price of 64 grains in Yunnan has been significantly reduced, and the current price is 3,420 - 3,450 yuan/ton. Terminal demand for corn manure in the North and East China markets has started slowly, and demand has always performed poorly. Downstream compound fertilizer factories have a bearish mentality, and new orders have been weak. Coupled with insufficient cost support, the start of the diammonium industry has dropped to about 45%, and both supply and demand have weakened. Demand in the export market is light, so the export market is not a breakthrough in the diammonium market. Diammonium market is expected to continue to be weak in the short term.

Specific market prices in each region are as follows: