Phosphate Fertilizer Daily Review: High cost-end prices continue to drive price increases (August 30)

Monoammonium phosphate price index:

According to Feiduo data, on August 30, the 55% powder index of China's monoammonium phosphate was 3,047.14, 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. In terms of enterprises, companies are still suspending quotations and orders receiving in many places. Some companies are temporarily in the process of stopping production due to equipment and raw materials problems. Some companies even plan to postpone production, resulting in tight market supply. In terms of the market, the downstream still has the willingness to purchase just now, coupled with the strong support from raw material costs, the price of monoammonium is maintained at a high level, and the market is stable and improving. On the whole, monoammonium phosphate is still in demand downstream, coupled with cost assistance, 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 30, the 64% particle index of China's mainstream diammonium phosphate was 3724, rising; the 60% brown index was 3200, stable; and the 57% content index was 3,212.5, falling.

Diammonium phosphate market analysis and forecast:

Today, the price of diammonium phosphate in China is stable and moderate. On the enterprise side, companies still suspend quotations and order receiving in many places, and more implement advance receipts from China and exports. There is a small amount of goods circulating in the market, and the supply of goods is tight, which supports further increases in quotations. In terms of the market, there is not a small amount of fertilizer used in autumn, and downstream purchases are mainly in need, and the speed of goods delivery in the market is accelerating. In terms of exports, export prices are currently rising significantly, which has simultaneously driven the atmosphere of the Chinese market. There is still some room for growth in diammonium prices. Overall, the spot supply in the diammonium market is tight and the market atmosphere is improving. It is expected that the price of diammonium will continue to remain high.

Specific market prices in each region are as follows: