Phosphate fertilizer daily review: Strong cost support, ammonium phosphate market "continues to rise"(August 3)

Monoammonium phosphate price index:

According to Feiduo data, on August 3, the 55% powder index of China's monoammonium phosphate was 2,688.57, rising; the 55% particle index was 2,825.00, stable; and the 58% powder index was 3000, rising.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market continued its upward trend. The price in the Chinese market was raised by 10-90 yuan/ton. The price of raw material sulfur remains high. The cost side provides certain support for phosphate fertilizers. Currently, some factories are still in a state of suspension of orders and no new prices have been issued yet. Most traders in the market were obviously reluctant to sell under the support of pending orders. The factory's factory quotations remained high despite the influence of low inventory pressure. At present, cost-side support remains unchanged, and manufacturers have a certain number of pending orders. It is expected that the market price of monoammonium phosphate will continue to increase in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index: 

According to Feiduo data, on August 3, the 64% particle index of China's mainstream diammonium phosphate was 3430, rising; the 60% brown index was 2,900.00, stable; and the 57% content index was 2795, rising.

Diammonium phosphate market analysis and forecast:

Today, the mainstream quotation prices in China's diammonium phosphate market continue to increase, with cost support remaining. Corporate quotations continue to increase, and are supported by orders from companies. The mentality of market operators is improving, and mainstream downstream traders are still enthusiastic about entering the market to replenish goods. At present, although downstream demand is slow to follow up, orders for diammonium can last for more than a month, and the bullish sentiment of the industry is obvious. At present, most traders in the market are obviously reluctant to sell. The available supply of goods in the market is relatively limited, and the support for the end is strong. It is expected that the market price of diammonium phosphate may continue to rise in the short term.

Specific market prices in each region are as follows: