Phosphate fertilizer daily review: Diammonium prices have dropped again! Market trading remains weak (May 31)

Monoammonium phosphate price index:

According to Feiduo data, on May 31, the 55% powder index of China's monoammonium phosphate was 2,598.75, stable; the 55% particle index was 2,975.00, stable; and the 58% powder index was 2,993.33, stable.

Monoammonium phosphate market analysis and forecast:

There has been no significant fluctuations in the market price of monoammonium phosphate in China today. Today, the price of synthetic ammonia at the raw material end continued to be mixed, and the northern market had not yet achieved price increase expectations; sulfur prices fell within a narrow range in some areas; and phosphate rock prices temporarily stabilized after falling. Overall, cost support is still weak today. It is reported that the agricultural market in Northeast China has entered the summer topdressing stage, but since the market demand for monoammonium is not high, it has not yet had a positive impact on the monoammonium market. It is expected that the monoammonium market will remain weak and stable in the off-season in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 31, the 64% particle index of China's mainstream diammonium phosphate was 3,650.00, down; the 60% brown index was 3,300.00, stable; and the 57% content index was 2,687.50, down.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market price has shifted downward, with the price of 57% brown in Anhui falling by 200 yuan/ton to 2,650 - 2,750 yuan/ton, and the price of 57% primary colors in Hebei falling by 50 yuan/ton to 2,600 - 2,700 yuan/ton. As mentioned above, costs have always been weak and show signs of continuing to weaken. Although the cost pressure is not great, terminal demand is not good, and the factory's enthusiasm for production is not high. Industry starts remain at around 40% this week. At present, there are sporadic inquiries for corn fertilizer in the market. Farmers in the Northeast market need topdressing, and some purchases of diammonium may be made in the short term. However, at present, the transaction of new orders is not strong, the quotations in various parts of the market are chaotic, and low prices continue to appear. It is expected that the diammonium market may stabilize in the short term.

Specific market prices in each region are as follows: