Daily review of phosphate fertilizer: The price of monoammonium rises again by 100 yuan/ton (July 25)

Monoammonium phosphate price index:

According to Feiduo data, on July 25, the 55% powder index of China's monoammonium phosphate was 2,548.75, rising; the 55% particle index was 2,825.00, stable; and the 58% powder index was 2,926.67, rising.

Monoammonium phosphate market analysis and forecast:

With the rising atmosphere surging again, China's monoammonium phosphate market is rising today, and mainstream quotations have been raised one after another. Among them, the price of 55% powder in Sichuan has increased by 100 yuan/ton. Fertilizer preparation is slowly entering the market in autumn, the price of raw material synthetic ammonia is stable and rising, and the cost market mentality is optimistic. In terms of supply, factories have been well prepared in the near future, with nearly 60% of the industry starting operations. Some manufacturers in central and southwest China have resumed production one after another, and the manufacturers have a good mentality to start operations. 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 25, the 64% particle index of China's mainstream diammonium phosphate was 3,463.33, down; the 60% brown index was 2,900.00, stable; and the 57% content index was 2620, stable.

Diammonium phosphate market analysis and forecast:

Today, the mainstream quotation in China's diammonium phosphate market continues to maintain stability, and the market has a heavy wait-and-see attitude. Supported by pending orders and export orders, supply has increased within a narrow range compared with the previous period, and factory inventory pressure has not been great; demand has mainly relied on export orders in the near future, but from yesterday's export data, we can see that export prices are not ideal and corporate profits are limited. Overall, the enthusiasm for upstream and downstream operations in the industry is still poor, there are no high expectations for the future outlook, and autumn pricing is still unclear. In the short term, diammonium prices will remain basically stable at least until the official fertilizer preparation begins in the autumn at the end of August.

Specific market prices in each region are as follows: