Phosphate fertilizer daily review: Cost support continues to pick up, the ammonium phosphate market was calm at the beginning of the week (July 31)

Monoammonium phosphate price index:

According to Feiduo data, on July 31, the 55% powder index of China's monoammonium phosphate was 2,607.50, stable; the 55% particle index was 2,825.00, stable; and the 58% powder index was 2,943.33, stable.

Monoammonium phosphate market analysis and forecast:

At the beginning of the week, China's monoammonium phosphate market was stable, and mainstream quotations from various places showed no fluctuations. After the sharp rise in the price center last week and the rising market inquiry atmosphere, the factory currently has a large number of orders pending. On the demand side, most downstream compound fertilizer factories are temporarily stabilizing and consolidating, and there has been no significant increase in market inquiries. In terms of supply, factories have been well prepared in the near future, and the industry has started nearly 60% of operations. In terms of raw materials, the price of synthetic ammonia is still rising sharply, and the price of sulfur is also rising in some regions, making cost support stronger and stronger. On the whole, it is expected that the market price of monoammonium will remain firm during the week.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 31, the 64% particle index of China's mainstream diammonium phosphate was 3,466.67, stable; the 60% brown index was 2,900.00, stable; and the 57% content index was 2,700.00, stable.

Diammonium phosphate market analysis and forecast:

At the beginning of the week, the mainstream quotation in China's diammonium phosphate market remained stable, and the market wait-and-see attitude was heavy. After the early preparation of fertilizer, there is currently little demand for diammonium in the market. The company continues to produce and export and advance orders, and the start-up has increased within a narrow range, currently more than 60%. The news of urea exports came out last week, which had a positive impact on diammonium's mood. However, we have not heard of the bidding information yet, and the diammonium export market is playing steadily. Strong cost support shows positive results, mainly due to the temporary stabilization of demand. Overall, the diammonium market may continue to be deadlocked in the short term.

Specific market prices in each region are as follows: