Phosphate Fertilizer Daily Review: Continue to rise! Shandong's 64% diammonium rose by 150 yuan/ton (August 2)

Monoammonium phosphate price index:

According to Feiduo data, on August 2, the 55% powder index of China's monoammonium phosphate was 2,654.29, rising; the 55% particle index was 2,825.00, stable; and the 58% powder index was 2650, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market continues to rise, mainly due to the sporadic increase in the price of 55 powder in the market by 50 yuan/ton. Most of the prices of raw material synthetic ammonia have remained stable at high levels. In the short term, there is still an upward trend. Phosphate rock has a bearish trend in the market. Overall, cost support will still exist in the short term. The factory has less inventory pressure recently and production is active. Downstream demand for monoammonium continues to advance, and the mood in the market is optimistic. It is reported that the international price of ammonium monoamine is also on an upward trend. Now that new market prices have been introduced, the downstream mentality of buying up rather than buying down is frequent, and high-priced transactions are gradually increasing.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 2, the 64% particle index of China's mainstream diammonium phosphate was 3,400.00, rising; the 60% brown index was 2,900.00, stable; and the 57% content index was 2,782.50, rising.

Diammonium phosphate market analysis and forecast:

Today, the mainstream quotation in China's diammonium phosphate market continues to increase, with the increase widening, ranging from 50 to 150 yuan/ton. The market trend basically remained yesterday: Internationally, the bid price of diammonium in Bangladesh exceeded expectations, boosting the Chinese market on the emotional side. Although downstream demand is currently slow to follow up, orders for diammonium can last for more than one month. Some companies have stopped quoting and acquiring orders, mainly shipping orders received in advance. At present, the shipment of some goods in the field is tight, and there is still room for improvement when the industry starts. As wheat fertilization begins in autumn, the demand for diammonium is bound to increase, so the market mentality is relatively stable. nbsp; Overall, the diammonium market may continue to consolidate and rise in the short term.

Specific market prices in each region are as follows: