Phosphate Fertilizer Daily Review: Upstream positive support companies suspend quotations (August 17)

Monoammonium phosphate price index:

According to Feiduo data, on August 17, the 55% powder index of China's monoammonium phosphate was 2890, stable; the 55% particle index was 2821, stable; and the 58% powder index was 3150, stable.

Monoammonium phosphate market analysis and forecast:

Today, the price of monoammonium phosphate in China is generally stable. At present, most companies have suspended quotations, and most companies have executed pre-pending orders. Some of them can continue until the end of September. Downstream continues to maintain a small amount of just-needed purchases, and the market has a strong upward sentiment. From the perspective of raw materials, the upward trend in upstream synthetic ammonia prices has led to an increase in the cost of monoammonium, which has also supported the price of monoammonium to a certain extent. On the whole, due to the current shortage of monoammonium market, it is expected that the market price of monoammonium phosphate will still have room to rise in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 17, the 64% particle index of China's mainstream diammonium phosphate was 3640, rising; the 60% brown index was 3130, rising; and the 57% content index was 3,132.5, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China showed an upward trend again. At present, most Chinese diammonium companies suspend quotations or suspend receiving orders. Market quotations are scarce and sources of diammonium are difficult to find. Enterprises are mostly supported by advance orders and export orders in the early stage. The market has a high willingness to bullish, and traders are obviously reluctant to sell. On the whole, under the influence of multiple factors such as increased costs and rising export prices, the diammonium market has obvious willingness to hold prices, and it is expected that there will still be some room for upward growth in prices.

Specific market prices in each region are as follows: