Phosphate fertilizer daily review: ammonium phosphate market maintains stability and waits and sees (July 4)

Monoammonium phosphate price index:

According to Feiduo data, on July 4, 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 continues to be deadlocked, and mainstream market quotations remain stable. In terms of raw materials, the prices of sulfur and synthetic ammonia are still fluctuating, but the overall cost side has not changed much, and support remains low. On the supply side, due to demand constraints and the impact of traditional off-season, start-up operations have always been carried out at low load. Demand is faced with it, it is a cliché that off-season demand is running at a low level within expectations. However, with the gradual launch of the autumn market, the on-site stocking atmosphere has begun to improve, or some downstream compound fertilizer manufacturers have begun to stock up. In the short term, monoammonium prices may be consolidating.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 4, the 64% particle index of China's mainstream diammonium phosphate was 3,538.33, stable; the 60% brown index was 3,200.00, stable; and the 57% content index was 2615, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market is consolidating and running on the sidelines. Although factories flexibly lowered their quotations in the early stage, traders expected low prices, and the market mentality is more wait-and-see, and the mentality of buying up and not buying down continues. Due to the gradual increase in the atmosphere of fertilizer preparation in autumn, some compound fertilizer factories purchase a small amount of fertilizer preparation. Industry start-ups continued to be low, but they rose compared with the previous period. Since international prices are also low, domestic and foreign demand for diammonium is not ideal. In the short term, there may be another wave of topdressing demand later this month. In the long term, the weakness of the diammonium market will be mainly consolidated downward.

Specific market prices in each region are as follows: