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Phosphate fertilizer daily review: The upstream push atmosphere is active, phosphate fertilizer prices continue to rise (August 16)

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August 16, 2023, 4:51 PM

Monoammonium phosphate price index:

According to Feiduo data, on August 16, China's 55% powder index of monoammonium phosphate was 2890, rising; the 55% particle index was 2821, rising; and the 58% powder index was 3150, rising.

 

 

Monoammonium phosphate market analysis and forecast:

The price of monoammonium phosphate in China continues to rise today. Enterprises 'prices are firm and their willingness to hold prices is obvious. Most companies still mainly suspend quotations and orders receiving, and maintain a small amount of on-demand purchases for downstream small orders. From the perspective of raw materials, the upstream synthetic ammonia price push-up atmosphere is relatively active, and there is certain support for the rise in the price of monoammonium. The overall synthetic ammonia price is at a high level; in addition, the sulfur market has not abated, and the phosphate rock market has entered an upward trend., prices have fluctuated upward. Overall, it is expected that the market price of monoammonium phosphate will remain high in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on August 16, the 64% particle index of China's mainstream diammonium phosphate was 3556, stable; the 60% brown index was 3000, stable; and the 57% content index was 3050, stable.

 

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. At present, most companies have cashed in advance receipts and exports from China in the previous period, and most companies have suspended quotations. International demand for diammonium is good, and export prices continue to rise accordingly. Positive market factors still dominate. Under the influence of demand in autumn, demand will continue to be released continuously. Overall, it is expected that the market price of diammonium phosphate will continue to remain high in the short term.

Specific market prices in each region are as follows: