Phosphate Fertilizer Daily Review: Weak supply and demand operators lack confidence and the market center of gravity continues to decline (May 25)

Monoammonium phosphate price index:

According to Feiduo data, on May 25, the 55% powder index of China's monoammonium phosphate was 2,656.25, down; the 55% particle index was 3,000.00, stable; the 58% powder index was 3,010.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market is operating weakly and steadily, and the price of raw material sulfur is weak and consolidating. News of price cuts for phosphorus rock has recently been reported since the price cut at the beginning of this month. The downside risks are high, and synthetic ammonia shows a downward trend during the week. Overall, monoammonium cost support is weak and performance is not optimistic. The issue of downstream demand is also a cliché. The demand for monoammonium in summer is not high to begin with. Although some compound fertilizer factories purchase sporadically, most of them are purchased under the factory's guaranteed policy. There was little change in plant start-up during the week, and industry start-up remained at around 33%. On the whole, the decline in the market price of monoammonium is difficult to stop.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 25, 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 2850, falling.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market is weak and downward, mainly reflected in the price reduction of 57-content products in some regions, with the reduction concentrated at 100-150 yuan/ton. In the previous paragraph, we mentioned that low raw material costs and weak support, and China's demand is low. Export markets that have a greater impact on the diammonium market also performed poorly, with the international price of diammonium upside down with the Chinese price. Since entering April, the diammonium market has almost continued to be dominated by negative factors. Operators are worried about the performance of the market outlook, and their quotations are chaotic and continue to fall. In the short term, it is expected that the diammonium market will continue to "survive".

Specific market prices in each region are as follows: