Phosphate fertilizer daily review: Ammonium phosphate is weak, operating demand is miserable, exports have no advantage (May 29)

Monoammonium phosphate price index:

According to Feiduo data, on May 29, the 55% powder index of China's monoammonium phosphate was 2,642.50, 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 weak. Raw material sulfuric acid prices have been weak and consolidating so far over the weekend, phosphorus rock has been weak and weak, and synthetic ammonia prices have been mixed today. The market transaction atmosphere has eased from a narrow range compared with last week. There has been no fluctuations in cost support, and the raw material market has remained weak in the short term. Although the capacity utilization rate of the monoammonium industry is not high, factory inventory pressure still exists. Weak downstream demand is not expected to change in the short term. The focus of market transactions has declined slightly again today, and the monoammonium market is weak and operating.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 29, 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, the market price of diammonium phosphate in China is stable, and market inquiries are rare. In terms of supply, demand and costs, compared with the previous period, high-content sources were still tightening at the beginning of the month. However, as demand decreased and costs fell, high-content sources of diammonium no longer had a sales advantage. At present, China's demand for corn fertilizer is already performing poorly. Most terminals do not buy fertilizer until it is used, and there is even very little demand for diammonium. Coupled with the low international price, diammonium has no export advantage. In the short term, the diammonium market is expected to continue to be weak and volatile.

Specific market prices in each region are as follows: