Phosphate Fertilizer Daily Review: Temporarily Stable! Rising nitrogen fertilizer market drives ammonium phosphate market mentality (June 6)

Monoammonium phosphate price index:

According to Feiduo data, on June 6, the 55% powder index of Chinese monoammonium phosphate was 2,550.63, stable; the 55% particle index was 2,975.00, stable; and the 58% powder index was 2,960.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market quotation temporarily stabilized, and the market maintained a weak transaction atmosphere. At present, moderate quantities of goods have been sold in southern Anhui and Henan recently, but trading in other regions is still weak, with limited new orders and frequent low prices in the market. The supply of low-content goods in the market has dropped to a relatively low level, but due to poor demand, the price decline is difficult to change. On the supply side, due to low costs, some large factories are still operating, and the monoammonium industry is operating at around 38%. The recent increase in urea has been huge, which may be supported by the mentality of the ammonium phosphate market. However, the demand for ammonium monoamine is not high at this stage, so it is inferred that the ammonium monoamine market will continue to operate in a weak position. nbsp;                                                                                                                                                                                                                                                                                                                                                                                                                                          

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 6, the 64% particle index of China's mainstream diammonium phosphate was 3,625.00, down; the 60% brown index was 3,300.00, stable; and the 57% content index was 2,625.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China dropped sporadically, with 64% of the price of granules in northwest Gansu falling to 3,620 - 3,630 yuan/ton. The diammonium market is operating weakly and steadily, and there is still a moderate amount of downstream demand. The market sales have improved compared with the previous period. Yesterday, we have analyzed that the price difference between products with different diammonium content is gradually widening. At present, there is still a gap of about 300 yuan/ton between the price of 64% of granules in Heilongjiang and Hubei. After the orderly shipment of goods in various regions across the country in the later period, prices may further affect each other. As the urea market rebounds and downstream demand follows up, the mentality of the diammonium market may improve, and the diammonium market is expected to stabilize in the short term.

Specific market prices in each region are as follows: