Phosphate Fertilizer Daily Review: It keeps falling! Both the market price center of monoammonium and diammonium were lowered (May 18)

Monoammonium phosphate price index:

According to Feiduo data, on May 18, the 55% powder index of China's monoammonium phosphate was 2,698.75, down; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,043.33, down.

Monoammonium phosphate market analysis and forecast:

Today, the price center of China's monoammonium phosphate market continues to be lowered, with the price of 55 powder in Sichuan falling by 100 yuan/ton to 2,600 - 2,650 yuan/ton. Some major manufacturers started quoting again today in an attempt to cut prices and attract orders. However, downstream compound fertilizer factories continue to maintain a small amount of just-needed purchases, and new orders in the market are limited. At present, the prices of raw materials sulfur and synthetic ammonia are weak and stable, phosphorus rock is at risk of decline, and cost support is weak. Overall, the monoammonium market will continue to be weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 18, the 64% particle index of China's mainstream diammonium phosphate was 3,713.33, down; the 60% brown index was 3,300.00, down; and the 57% content index was 3,090.00, down.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market is weak and downward, with market prices falling by 50-150 yuan/ton, of which 64 grains in Gansu dropped by 150 yuan/ton to 3700 yuan/ton. The demand for corn manure in North and East China is tepid, and the downstream wait-and-see attitude is heavy. Early orders are arriving one after another, but the transaction volume of new orders is becoming increasingly low. There is sufficient supply of low-grade goods in the market, the actual willingness to buy a house and the transaction price continues to fall, and demand in the export market is light. Diammonium market is expected to remain weak in the short term.

Specific market prices in each region are as follows: