Daily review of phosphate fertilizer: Prices of monoammonium and diammonium are temporarily stable and downstream pay is cautious (June 12)

Monoammonium phosphate price index:

According to Feiduo data, on June 12, the 55% powder index of China's 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:

At the beginning of the week, China's monoammonium phosphate market continued to maintain stability, and prices in various mainstream markets showed no fluctuations. First, let's look at the raw material side: sulfur prices have remained stable, but market sentiment is generally slightly tired; the phosphate rock market continues to be tired, and industry bearish expectations still exist; the price center of synthetic ammonia dropped by about 50 points again today. Secondly, let's look at the supply and demand side: the market supply of monoammonium phosphate is relatively low, but due to the gradual end of summer fertilizer and early application in autumn, there is very little demand. Finally, the market is mainly manifested in a cautious downstream purchasing mentality, and the monoammonium market is expected to continue such a weak and stable trend in the short term. nbsp;                                                                                                                                                                                                                                                                                                                                                                                   

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 12, 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:

There has been no significant fluctuations in the market price of diammonium phosphate in China today, and the market has been operating steadily since the weekend. Due to insufficient stocks in the early stage, the demand for corn manure was closely followed up last week, and downstream dealers were actively purchasing. However, the stock volume of downstream dealers is now 70 - 80%, and it is expected that there will be only a suitable amount of demand for covering positions in the later stage, which is weaker than the previous period. In terms of exports, although India conducted a second tender for urea in the early stage, it has not yet stimulated export demand in the diammonium market. Therefore, most traders in various places are currently maintaining stable shipments and watching the market cautiously. It is expected that the diammonium market will continue to maintain stability in the short term.

Specific market prices in each region are as follows: