Phosphate fertilizer daily review: Ammonium monophosphate price reduction before the festival and orders for ammonium monophosphate Chinese market continues to be deadlocked (June 20)

Monoammonium phosphate price index:

According to Feiduo data, on June 20, the 55% powder index of China's monoammonium phosphate was 2,508.13, down; the 55% particle index was 2,825.00, down; and the 58% powder index was 2,876.67, down.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market price center is downward, mainly due to the decline in product prices in Shandong, Hubei and Jiangsu. Near the end of the month, most factories raised production prices before the holidays, but some factories once again lowered their factory quotations and delivery prices within a narrow range in order to promote pre-holiday orders collection. Centralized fertilization and supplementation of corn manure have ended, and the overall demand for monoammonium is flat. The price of synthetic ammonia at the raw material end continued to decline; most of the quotations from sulfur companies fell; phosphate ore was operating weakly and steadily, and comprehensive cost support continued to move downward. The start-up of enterprises is still low. It is worth noting that new orders in the early stage have been followed up and the removal effect is good. Overall, the monoammonium market may operate steadily and weakly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 20, the 64% particle index of China's mainstream diammonium phosphate was 3,603.33, stable; the 60% brown index was 3,300.00, stable; and the 57% content index was 2625, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market is maintaining stability and operating on a wait-and-see basis, and mainstream quotations have not changed. We also mentioned above that this wave of concentrated demand for corn fertilizer has basically ended, and China's demand for diammonium has entered the off-season. Cost-end prices continue to fall, and operators continue to be bearish. The market, including end agricultural materials users, are reluctant to stock large quantities, and most of them use them at random. Companies have recently placed more trading centers in export markets, so the market is expected to be deadlocked and wait-and-see in the short term.

Specific market prices in each region are as follows: