Phosphate fertilizer daily review: Diammonium is falling again! The market mostly holds a wait-and-see attitude (June 29)

Monoammonium phosphate price index:

According to Feiduo data, on June 29, 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, China's monoammonium phosphate market is operating stably, and mainstream market prices have not fluctuated significantly. The operation of the monoammonium market is still centered on fundamentals: on the supply side, the mentality of operators is bearish, factories lack confidence, and large factories have successively reduced production and small factories have stopped production. Currently, the market supply fluctuates around about 40%. Before the autumn fertilization season, supply expectations have not changed much; on the demand side, there is little demand for monoammonium for on-site topdressing, so new orders are weak. Moreover, the export data of monoammonium is average, and the overall demand is obviously negative. Overall, monoammonium will continue to maintain a weak operation in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 29, the 64% particle index of China's mainstream diammonium phosphate was 3,576.67, down; the 60% brown index was 3,200.00, down; and the 57% content index was 2615, down.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China has dropped significantly today, with 60% brown in Shaanxi falling by 100 yuan/ton, and 64% of grains in Hubei and Shandong falling by 100 yuan/ton respectively. During the week, the industry started construction and improved, currently at around 56.48%. Hubei Xiangyun and Hubei Huangmailing installations continue to be stopped for maintenance. Cost support was weak, and the factory's quotation was lowered accordingly. With the end of topdressing, demand has gradually decreased, but some compound fertilizer factories have stockpiled small quantities of goods waiting for the autumn market, and traders are also selling at reduced prices to promote the transaction of new orders. Overall, the diammonium market will be weak and mainly downward in the short term.

Specific market prices in each region are as follows: