Phosphate fertilizer daily review: The atmosphere for monoammonium continues to improve and the follow-up of the diammonium market is limited (May 11)

Monoammonium phosphate price index:

According to Feiduo data, on May 11, the 55% powder index of China's monoammonium phosphate was 2,903.75, 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 continues to remain stable. On the enterprise side, companies have a large number of shipments, tight shipments, and a reluctance to sell. They have suspended sales and suspended orders, and their quotations have been steadily increased within a narrow range. In terms of the market, the market trend is good and the atmosphere is good. The current supply of goods is relatively tight. The industry is optimistic and most of them are bullish. On the demand side, downstream compound fertilizer companies remain in need of purchasing and are actively getting better when getting goods. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continue to remain stable, while the market price of synthetic ammonia continues to rise, and cost pressure increases. On the whole, the current high market cost of monoammonium, coupled with the support of companies and downstream needs, it is expected that the market price of monoammonium phosphate will continue to stabilize and increase 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 11, the 64% particle index of China's mainstream diammonium phosphate was 3,793.33, down; 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 stabilized and fell slightly. On the enterprise side, the enterprise continues to execute a small number of export and domestic sales orders, and the quotation is temporarily stable and the mentality is firm. In terms of the market, operators have a poor mentality, market shipments are gradually increasing, traders are actively shipping, export transaction prices are falling within a narrow range, and the export market is loose. On the demand side, spring plowing is gradually entering the final stage. Corn manure needs to be followed up carefully. Domestic demand is low. Demand in the Chinese market is weak, and downstream traders are cautious in purchasing. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain high and stable, the prices of synthetic ammonia continued to rise at high levels, and cost support continued to increase. On the whole, the current diammonium market cost support, domestic demand is slightly following up, and the international market is unstable. It is expected that the market price of diammonium phosphate will continue to be stable and weak in the short term.

Specific market prices in each region are as follows: