Phosphate fertilizer daily review: Ammonium phosphate market continues to rise (August 8)

Monoammonium phosphate price index:

According to Feiduo data, on August 8, the 55% powder index of China's monoammonium phosphate was 2770, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,016.67, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to increase, and the quotation price in the Chinese market has been increased by 40-80 yuan/ton. At present, most factories in the Chinese market still have many orders to be issued, and factories are still in a state of suspension. The downstream market is mainly in demand. With the continuous increase in ammonium prices, some companies are cautious in accepting orders at high prices, but most manufacturers continue to increase their prices under the support of little inventory pressure. At present, cost-side support remains unchanged, and manufacturers have a certain amount of orders to be issued. Under the support of tight spot circulation, the short-term market price of monoammonium phosphate may continue to increase.

Specific market prices in each region are as follows:

Diammonium phosphate price index: 

According to Feiduo data, on August 8, the 64% particle index of China's mainstream diammonium phosphate was 3450, rising; the 60% brown index was 2,950.00, stable; and the 57% content index was 2,837.5, rising.

Diammonium phosphate market analysis and forecast:

Today, the mainstream quotation prices in China's diammonium phosphate market continue to increase. Supported by strong cost support and abundant orders from companies, manufacturers 'quotations are obviously pushing up, and international demand is improving, boosting the sentiment of market operators. With the support of multiple positive factors, on-site traders are obviously reluctant to sell and support prices, and market prices continue to increase. At present, market quotations are scarce and goods are difficult to find, and traders are obviously reluctant to sell. It is expected that the market price of diammonium phosphate will continue to rise in the short term.

Specific market prices in each region are as follows: