Phosphate fertilizer daily review: Strong cost support, phosphate fertilizer market continues to be high (September 6)

Monoammonium phosphate price index:

According to Feiduo data, on September 6, the 55% powder index of China's monoammonium phosphate was 3,121.43, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,333.33, stable.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to remain high today. In terms of enterprises, enterprises still accept orders in limited quantities, a small number of orders at high prices, and the transaction volume of new orders is small. However, there are not a small number of advance receipts in the early stage, and enterprises have sufficient orders to send. In terms of cost, upstream cost support is strong, raw material ore prices continue to rise, and cost provides strong support. In terms of the market, China's compound fertilizer market has been consolidated at a high level, and prices are operating firmly. Compound fertilizer companies mostly supply low-priced supplies in the early stage, and the prices are slightly lower than the ex-factory prices of monoammonium companies at this stage. Overall, monoammonium cost support is strong, 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 September 6, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3450, down; and the 57% content index was 3445, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continued to operate at a high level, with 60% of brown companies trading back slightly, but the overall price is still at a high level. On the supply side, companies still carry out early advance receipts from China and exports, and temporarily suspend the process of quotation and order receiving. On the demand side, we are now in the peak autumn fertilizer preparation season. China's supply of goods continues to be tight, and tradable supplies are limited. The focus of China's diammonium market continues to move closer to the high-end. High-priced purchases in the downstream market are cautious, and a small amount just needs to be replenished. On the whole, the current market cost of diammonium is dominant, and it is expected that the market price of diammonium will continue to remain high.

Specific market prices in each region are as follows: