Phosphate fertilizer daily review: Positive costs support maintaining high phosphate fertilizer prices (September 4)

Monoammonium phosphate price index:

According to Feiduo data, on September 4, the 55% powder index of China's monoammonium phosphate was 3,071.43, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,266.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market continues to maintain a high level. On the enterprise side, most companies are currently honoring advance orders, a small number of new orders are completed, spot supply is tight, companies are difficult to quote, and a small number of traders are delivering goods at high prices. In terms of cost, upstream cost support is strong, raw material ore prices continue to increase, and cost pressures increase, supporting the high operation of monoammonium prices. On the whole, the cost support of monoammonium is strong, and advance orders are still supported. 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 September 4, the 64% particle index of China's mainstream diammonium phosphate was 3774, rising; the 60% brown index was 3540, stable; and the 57% content index was 3,312.5, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China continues to increase today. On the enterprise side, enterprises still carry out early advance receipts from China and exports, temporarily suspend the process of quotation and order receiving, and have sufficient receipts. On the upstream and downstream side, the price at the upstream cost end remains high and provides strong support for diammonium. The downstream just needs to follow up, and the demand for diammonium is large. The upstream and downstream jointly promote the price to remain high. In terms of demand, there is currently strong demand in the diammonium market, and there is still a gap in demand in China in autumn. The demand side is good for the entire market. On the whole, the diammonium market currently has a great overall advantage, and diammonium prices are expected to continue to remain high.

Specific market prices in each region are as follows: