Phosphate fertilizer daily review: Cost support continues to weaken, ammonium phosphate market is weak and stable (June 27)

Monoammonium phosphate price index:

According to Feiduo data, on June 27, the 55% powder index of China's monoammonium phosphate was 2467.50, stable; the 55% particle index was 2825.00, 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 is flat, the market price center has temporarily stabilized, and the demand for monoammonium in corn manure has basically ended. The operating rate of the monoammonium industry is less than 40%, and most small and medium-sized enterprises continue to stop production and have no restart plans. Cost support is weak, and there is still bearish sentiment in the market outlook. At present, demand in China is light and international prices are also falling. Industry operators are bearish on the market outlook and are mostly cautious in purchasing with a wait-and-see attitude. Overall, monoammonium phosphate will continue to operate weakly and stably in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 27, the 64% particle index of China's mainstream diammonium phosphate was 3,593.33, down; the 60% brown index was 3,300.00, stable; and the 57% content index was 2620, down.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market is operating steadily. There is demand for corn fertilizer in some northern regions, and market transactions are relatively flat. Support at the raw material side is weak, prices continue to decline, and the market mentality is bearish. Diammonium companies have started at a low level and China's new orders have not yet been followed up. The company's focus is currently on shipping export sources, but international prices are also falling. Prices are upside down with China, and the export market is not optimistic. As diammonium enters the off-season of sales and autumn fertilization is still early, the downstream is not eager to centrally purchase autumn fertilizer raw materials and adopts a wait-and-see attitude. Overall, it is expected that the diammonium market will consolidate in a weak manner in the short term.

Specific market prices in each region are as follows: