Daily review of phosphate fertilizer: Downstream just needs to make up the order Ammonium phosphate market mentality stabilizes (June 8)

Monoammonium phosphate price index:

According to Feiduo data, on June 8, the 55% powder index of Chinese monoammonium phosphate was 2,543.75, stable; the 55% particle index was 2,850.00, stable; and the 58% powder index was 2,960.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market is temporarily stable, and prices in various mainstream regions have not fluctuated significantly. Although there is some local demand, it is only a supplement for the final stage of summer fertilization, and the quantity is limited. Downstream continues to purchase a small amount of goods just needed, and major manufacturers 'competition for guaranteed guarantees will be implemented until the end of July. Today, the market price of raw material synthetic ammonia dropped sporadically. The price of sulfur in East China dropped by 15 yuan/ton. Phosphate rock was stable and weak, and the overall cost performance was weak. Taken together, the short-term monoammonium phosphate market will continue to weaken as demand runs out.                                                                                                                                                                                                                                                                                                                                                                                                                                              

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 8, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has also not seen significant fluctuations. 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 improved the trading atmosphere in the diammonium market and increased shipments, but this market will not last for long, or will stop for nearly two days. In terms of exports, although India has recently received news of bidding for urea, demand for diammonium in the international market has not increased. 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: