Daily review of phosphate fertilizer: Hubei 55 grains fell 250 yuan/ton Goods in the diammonium market are slightly better (June 7)

Monoammonium phosphate price index:

According to Feiduo data, on June 7, the 55% powder index of China's monoammonium phosphate was 2,543.75, down; the 55% particle index was 2,850.00, down; and the 58% powder index was 2,960.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been reduced sporadically, but the reduction is as high as 250 yuan/ton. Hubei's 55% of grains dropped sharply to 2550 yuan/ton, almost the same as the average price of 55 grains in the mainstream market. Affected by heavy rain, Henan is currently carrying out wheat harvesting and drying of trendy grains, and the market supply of fertilizers is generally normal. New orders in other regions are also limited, factory inventories are under pressure, and dealer prices are becoming lower and chaotic in order to promote shipments. Today's raw material shipments were mainly volatile. Overall, the monoammonium market has continued to be weak recently, and sales during the quarter have been weak. nbsp;                                                                                                                                                                                                                                                                                                                                                                                                                                             

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 7, the 64% particle index of China's mainstream diammonium phosphate was 3,625.00, stable; the 60% brown index was 3,300.00, stable; and the 57% content index was 2,607.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to show sporadic downward adjustments, mainly due to the 57% brown price in Anhui falling by 50-100 yuan/ton to 2,600 - 2,650 yuan/ton. In the past two days, with the promotion of fertilization in summer and the rise in the price of nitrogen fertilizer and urea, the shipment of diammonium in China has improved slightly. First, the downstream does need to prepare fertilizer centrally. Second, there is a need in the downstream in the early stage, but the market has a strong wait-and-see attitude and the downstream does not purchase in time. The combination of two factors has led to an improvement in the trading atmosphere in the diammonium market and an increase in shipments. In terms of exports, although India has recently received news of bidding for urea, the international market for diammonium has not seen significant benefits. At present, most traders in various places are stabilizing their shipments, and the diammonium market is expected to operate steadily in the short term.

Specific market prices in each region are as follows: