Monoammonium phosphate price index:
According to Feiduo data, on May 24, the 55% powder index of China's monoammonium phosphate was 2,661.25, stable; the 55% particle index was 3,000.00, stable; and the 58% powder index was 3,010.00, stable.
Monoammonium phosphate market analysis and forecast:
The market price of monoammonium phosphate in China has temporarily stabilized today. After the comprehensive market price adjustment yesterday, market transactions are still normal. The price of raw material synthetic ammonia continued to fall this week, the price of sulfur fluctuated, the price of phosphorus rock was unstable, the cost of monoammonium fluctuated again, and the market mentality was unstable. There is little demand for monoammonium in downstream compound fertilizers, and agricultural demand for similar chemical fertilizers urea is expected to weaken. In addition, some large enterprises have partial inventories of raw materials. On the whole, while raw material prices are still declining, downstream purchasing willingness will continue to be sluggish, market transactions will be deadlocked, and the decline in monoammonium prices will be difficult to change.
Specific market prices in each region are as follows:
Diammonium phosphate price index:
According to Feiduo data, on May 24, the 64% particle index of China's mainstream diammonium phosphate was 3,713.33, stable; the 60% brown index was 3,300.00, stable; and the 57% content index was 3,057.50, stable.
Diammonium phosphate market analysis and forecast:
Today, China's diammonium phosphate market continues to operate weakly, and the price center of gravity has not changed significantly. The price of raw material synthetic ammonia fell within a narrow range today, and the diammonium market maintained a bearish sentiment. In recent weeks, market starts have continued to decline within a narrow range, and some early orders are ready for supply. The downstream has a strong bearish mentality and average enthusiasm for purchasing. Companies maintain a small number of new orders to follow up. The international market has also weakened recently. The diammonium market is dominated by negative trends. It is difficult to inject positive benefits into the market in the short term. It is expected to remain weak and downward in the short term.
Specific market prices in each region are as follows:
