Daily review of phosphate fertilizer: Companies suspend quotations and phosphate fertilizer prices are stable (August 23)

Monoammonium phosphate price index:

According to Feiduo data, on August 23, the 55% powder index of China's monoammonium phosphate was 2,971.43, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,216.67, stable.

Monoammonium phosphate market analysis and forecast:

The price of monoammonium phosphate in China remains unchanged today. In the upstream and downstream aspects, the price of upstream synthetic ammonia is still rising, resulting in an upward trend in the cost of monoammonium; downstream compound fertilizer companies still have a purchase demand for monoammonium, and the price of monoammonium continues to rise. In terms of exports, China's export orders have increased, which will provide positive support for the monoammonium market in the short term. In terms of enterprises, most companies are still in the process of suspending quotations and suspending orders, and they have sufficient waiting time. On the whole, the monoammonium market is dominated by favorable conditions, and the market price of monoammonium phosphate is expected to continue to remain high.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 23, the 64% particle index of China's mainstream diammonium phosphate was 3722, stable; the 60% brown index was 3250, stable; and the 57% content index was 3215, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China remains stable. On the enterprise side, most companies currently implement advance orders from China and export in the early stage, but there are no new quotations. The company has a small amount of inventory, and traders 'quotations are firm. In terms of the market, the current market supply is tight and the supply of diammonium phosphate is insufficient, which has maintained the high price of diammonium to a certain extent. Overall, the market demand for diammonium is strong and supply is tight, and prices are expected to continue to remain high.

Specific market prices in each region are as follows: