Daily review of phosphate fertilizer: The market exceeds demand and phosphate fertilizer prices continue to increase (August 29)

Monoammonium phosphate price index:

According to Feiduo data, on August 29, the 55% powder index of China's monoammonium phosphate was 3,025.71, rising; the 55% particle index was 2820, stable; and the 58% powder index was 3250, rising.

Monoammonium phosphate market analysis and forecast:

Today, the price of monoammonium phosphate in China is stable and slightly increased. On the enterprise side, the enterprise still executes more orders to be issued in the early stage. During the process of suspending quotation and suspending order receiving, the enterprise's equipment operating rate has increased and the output has increased slightly. In terms of the market, the prices of sulfur and synthetic ammonia at the raw material end have increased significantly, and costs continue to rise, supporting the high price of monoammonium, and a small amount of downstream replenishment continues to be needed. On the whole, the cost and price of monoammonium is high, and downstream needs are still needed. It is expected that the market price of monoammonium phosphate will continue to remain high.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 29, the 64% particle index of China's mainstream diammonium phosphate was 3722, stable; the 60% brown index was 3200, stable; and the 57% content index was 3215, stable.

Diammonium phosphate market analysis and forecast:

China's diammonium phosphate market is gaining momentum today. On the enterprise side, the enterprise has limited inventory and scarce supply. It still mainly suspends quotations and orders receiving, and fulfills more orders received in advance in advance. The enterprise has a strong bullish attitude. In terms of the market, there is currently a need for fertilizer preparation in the autumn. The market arrival is slow, the supply of goods is tight, and the market prices are tight. Overall, the market demand for diammonium is strong, the market supply is tight, and the supply exceeds demand. It is expected that the price of diammonium will continue to remain high.

Specific market prices in each region are as follows: