Daily review of phosphate fertilizer: Demand in the ammonium phosphate market is light and the downstream is cautious (June 26)

Monoammonium phosphate price index:

According to Feiduo data, on June 26, the 55% powder index of China's monoammonium phosphate was 2,467.50, down; the 55% particle index was 2,825.00, stable; and the 58% powder index was 2860, stable.

Monoammonium phosphate market analysis and forecast:

Today, the trading atmosphere in China's monoammonium phosphate market was flat, and the market price center of gravity fell again, mainly reflected in the decline in the price of 55 powder products, with a decline of 20-100 yuan/ton. At present, the operating rate of the monoammonium industry is less than 40%. Most small and medium-sized enterprises continue to stop production and have no restart plans. In the off-season of sales in the ammonium monoamine industry, the stocking of downstream autumn fertilizer raw materials has not yet begun, and most of them purchase sporadically with a wait-and-see attitude. Cost support is weak, and there is still bearish sentiment in the market outlook. Overall, monoammonium phosphate will be weak in finishing operation in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 26, 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 remains deadlocked. Support at the raw material side is weak, and prices continue to decline. Diammonium companies have started at a low level, and China has insufficient follow-up on new orders. The company's focus is currently on export sources and shipment. As the summer topdressing heat dissipates, downstream demand weakens, diammonium has entered the off-season of sales, and autumn fertilization is still early. Therefore, downstream parties are not eager to centrally purchase autumn fertilizer raw materials, and adopt a wait-and-see attitude. Overall, the short-term diammonium market is mainly consolidating.

Specific market prices in each region are as follows: