Phosphate fertilizer daily review: Ammonium phosphate market is consolidating (June 15)

Monoammonium phosphate price index:

According to Feiduo data, on June 15, the 55% powder index of China's monoammonium phosphate was 2,522.50, down; 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, the market price of monoammonium phosphate in China dropped sporadically. Recently, summer fertilization and topdressing have come to an end. Some downstream raw materials are insufficient, so they just need to get goods to make up for orders. However, the market demand for monoammonium is not high, so new orders are limited. On the other hand, autumn belongs to the high-phosphate fertilizer production stage, so there may be a small amount of hoarding demand downstream. However, with such a small amount of purchases, the monoammonium industry is hard to say, and market prices continue to drop sporadically. Due to the early preparation of fertilizer in autumn, it is expected that the monoammonium market will remain weak and stable in the short term. nbsp;                                                                                                                                                                               

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 15, 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 market price of diammonium phosphate in China is stable. The brief increase in downstream demand in the early stage kept the center of diammonium price stable. At present, the prices of raw materials sulfur and synthetic ammonia have fallen slightly, and costs continue to fluctuate downward; China's corn fertilizer fertilization has been advancing one after another, and downstream companies just need to make up orders; the market has temporarily stabilized in the early stage, so the factory's enthusiasm for production has increased within a narrow range, and the company's start-up has increased again. However, with the end of fertilization, China's diammonium market will usher in a off-season, which is still early to the peak autumn season. It is expected that the diammonium market will temporarily stabilize and wait and see in the short term.

Specific market prices in each region are as follows: