Phosphate fertilizer daily review: Phosphate fertilizer is still good and prices continue to rise (August 21)

Monoammonium phosphate price index:

According to Feiduo data, on August 21, the 55% powder index of China's monoammonium phosphate was 2930, rising; the 55% particle index was 2820, stable; and the 58% powder index was 3,216.67, rising.

Monoammonium phosphate market analysis and forecast:

The price of monoammonium phosphate in China continues to increase today. On the demand side, the price of monoammonium is temporarily at a high level, and downstream purchases are cautious on demand, mostly based on just demand. In terms of manufacturers, during the process of suspending quotations and order receiving in many places, most manufacturers have recently received a large number of orders, mainly for dispatch. In terms of cost, monoammonium costs and international prices continue to rise, and monoammonium prices are expected to continue to be supported by positive costs. On the whole, as the current positive market for monoammonium phosphate still exists, 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 21, the 64% particle index of China's mainstream diammonium phosphate was 3640, stable; the 60% brown index was 3220, rising; and the 57% content index was 3,132.5, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China increased slightly today. In terms of demand, there is currently a superposition of domestic and foreign demand for diammonium. China is in the peak autumn wheat fertilizer season, and downstream is just in need of purchasing. International demand has followed up. Market supply is tight and prices continue to rise. In terms of enterprises, most companies are still in the process of suspending quotations and collection. Enterprises have tight supply and the reluctance of cargo holders to sell has intensified. Currently, they mainly ship foreign export orders and domestic sales orders in China. Overall, the diammonium market is dominated by positive conditions, and prices are expected to remain rising in a short period of time.

Specific market prices in each region are as follows: