Phosphate fertilizer daily review: Diammonium price center of gravity has been reduced within a narrow range, demand has come to an end (June 14)

Monoammonium phosphate price index:

According to Feiduo data, on June 14, the 55% powder index of China's monoammonium phosphate was 2,531.25, stable; the 55% particle index was 2,850.00, stable; and the 58% powder index was 2,893.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market is operating weakly and steadily, and the trading of new orders in the market is bleak. In terms of factories, we will continue to implement the minimum guarantee policy, with more minimum guarantees until the end of July. With the end of base fertilizer fertilization in North China and the end of topdressing in Northeast and Northwest China, the downstream compound fertilizer industry has started to decline, and only some compound fertilizer factories with insufficient raw materials in the market have replenished a small amount. In terms of cost, the raw material market is still weak or has a strong bearish mood, and cost support is weak. From a comprehensive perspective, the monoammonium market may continue to operate in a weak and stable manner.        

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 14, the 64% particle index of China's mainstream diammonium phosphate was 3,603.33, down; 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 price center of China's diammonium phosphate market fell within a narrow range. The main reason was that the price of 64% granules in Gansu was lowered by 70-80 yuan/ton to 3550 yuan/ton, and the price of 64% granules in Hubei was lowered by 50-70 yuan/ton to 3,350 - 3,400 yuan/ton. At present, the market is no longer in short supply of high-content goods. Although the industry starts at a relatively low level, demand is nearing its end. Downstream preparations are cautious. Therefore, supply and demand in the market are balanced, and the market is stable and weak. It is expected that the diammonium market will continue to remain weak in the short term.

Specific market prices in each region are as follows: