Phosphate fertilizer daily review: The follow-up situation in the monoammonium market has improved and diammonium industry is cautious (May 8)

Monoammonium phosphate price index:

According to Feiduo data, on May 8, the 55% powder index of China's monoammonium phosphate was 2,901.25, stable; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,250.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and consolidated. In terms of enterprises, there has been an increase in the number of orders received by companies and an increase in the number of requests for orders. Their mentality is firm and optimistic. Some companies have suspended receiving orders and quoting, and are focusing on execution for orders. In terms of the market, the market atmosphere is improving, and the focus of transactions has shifted. The current market is delisted at low prices, and low-cost sources are difficult to find. On the demand side, corn manure production is concentrated in summer, and agricultural demand purchases are still in place; downstream factories maintain on-demand replenishment and are following up one after another, and demand is well oriented. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to remain stable, transactions in the synthetic ammonia market continued to rise, and raw material prices continued to rise steadily. On the whole, the current market demand for monoammonium is following up well, and market transactions are warming up. It is expected that the market price of monoammonium phosphate will be steadily adjusted in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 8, the 64% particle index of China's mainstream diammonium phosphate was 3,828.33, 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 is generally stable. On the enterprise side, while the enterprise continues to execute export and domestic sales orders, the quotation remains stable, and the ex-factory price has not fluctuated significantly. In terms of the market, the market is just in need of follow-up, and the transaction atmosphere is relatively dull. The market is consolidating, and the overall trading atmosphere is mainly light. On the demand side, agricultural procurement of corn manure is slow to follow up on a small amount, and procurement is mainly needed. At high prices, purchasing mentality is cautious. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained high and consolidated, the prices of synthetic ammonia continued to rise, and the prices of raw materials increased steadily. On the whole, the current diammonium phosphate market is mainly in need of procurement, and the overall trading atmosphere is general. The operators are cautious and trading is slowing down. It is expected that the market price of diammonium phosphate will continue to fluctuate in a stable range in a short period of time.

Specific market prices in each region are as follows: