Phosphate fertilizer daily review: monoammonium market is basically stable Diammonium market adjusted within a narrow range (July 10)

Monoammonium phosphate price index:

According to Feiduo data, on July 10, the 55% powder index of China's monoammonium phosphate was 2,483.75, rising; the 55% particle index was 2,825.00, stable; and the 58% powder index was 2,893.33, rising.

Monoammonium phosphate market analysis and forecast:

At the beginning of the week and on the weekend, China's monoammonium phosphate market remained stable. Although there was a rising atmosphere, mainstream quotations had not fluctuated yet. Autumn fertilizer preparation continues to enter the market slowly, the minimum guarantee policy is gradually eliminated, and the price of raw material synthetic ammonia continues to rise over the weekend, and the market mentality is stable and optimistic. At present, there is an increase in the number of orders received by ammonium monoamine factories. As inventory pressure weakens and orders to be issued increase, the market atmosphere is still strong, and we continue to pay attention to the start progress of the downstream compound fertilizer factories of ammonium monoamine. In the short term, the monoammonium phosphate market is stable and mainly expected to increase.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 10, the 64% particle index of China's mainstream diammonium phosphate was 3,496.67, down; the 60% brown index was 3,200.00, stable; and the 57% content index was 2615, stable.

Diammonium phosphate market analysis and forecast:

Prices in China's diammonium phosphate market have generally remained stable so far over the weekend, with sporadic adjustments in some regions. Among them, the prices of 57% products in Shandong and Hebei were increased by 30 yuan/ton, and the prices of 64% products in Jiangsu and Hubei were reduced by 50 yuan/ton. The diammonium market has a strong wait-and-see attitude, the industry's upstream and downstream operations are not enthusiastic, there are no high expectations for the future outlook, and autumn pricing is still unclear. In the short term, diammonium prices will remain stable at least until the official fertilizer preparation begins in the autumn at the end of August. Later, the market will take into account the operating rate of the diammonium industry and changes in export demand.

Specific market prices in each region are as follows: