Daily review of phosphate fertilizer: Ammonium monogram market inquiry and increase diammonium market just needs to follow up (April 16)

Monoammonium phosphate price index:

According to Feiduo data, on April 16, the 55% powder index of China's monoammonium phosphate was 2,931.25, stable; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,283.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to remain stable. In terms of enterprises, many enterprises have introduced policies. Driven by the recent increase in urea prices, market transactions have been relatively good, and most current transactions have remained single. On the market side, driven by the sharp rise in urea prices, market inquiries increased, transactions warmed up, and the overall trading atmosphere improved compared with the previous period. On the demand side, there is an increase in downstream inquiries, and compound fertilizer factories are mainly in need of purchasing, and there has been no significant improvement in current transactions. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated at high levels, the price of synthetic ammonia continued to be consolidated downward, and the cost price changed little. On the whole, the current monoammonium market is affected by the sharp rise in urea prices, and the market trading atmosphere has warmed up slightly. Companies have successively introduced relevant policies. It is expected that the market price of monoammonium phosphate will fluctuate slightly in a short period of time, with little change.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 16, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,465.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, among the enterprises that continue to execute export orders and a small number of advance orders from China, there is no inventory pressure, domestic ex-factory prices have temporarily stabilized, and follow-up of new orders is limited. In terms of the market, the market trading atmosphere is stable, the follow-up of new orders is limited, and the overall market is consolidating. In terms of demand, China's spring plowing demand has entered the final stage. Currently, more and more needs to be followed up with a small amount of follow-up, and China's demand is relatively flat. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable at high levels, while the price of synthetic ammonia was lowered and consolidated, and high costs supported it. On the whole, the current demand in China in the diammonium market has come to an end, and it is expected that the market price of diammonium phosphate will fluctuate weakly in a short period of time.

Specific market prices in each region are as follows: