Daily review of phosphate fertilizer: Monoammonium continues to ship, and diammonium is running slowly (May 14)

Monoammonium phosphate price index:

According to Feiduo data, on May 14, the 55% powder index of China's monoammonium phosphate was 2,953.75, rising; the 55% particle index was 3,080.00, rising; the 58% powder index was 3,266.67, stable.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to increase today. In terms of enterprises, companies have a large number of shipments and tight shipments. They often suspend receiving new orders and suspending quotations. Under the support of shipments, the quotations are firm and stable. In terms of the market, the market is moving better, the focus of transactions continues to move upward, and the overall push atmosphere is high. Driven by demand, the mentality of operators is firm and most of them are bullish. On the demand side, downstream compound fertilizer companies are still following up on their purchases, and the demand side continues to improve. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained firm and stable, the market price of synthetic ammonia continued to increase within a narrow range, and the price of raw materials rose to a high level. On the whole, the current monoammonium companies are ready to support, and the downstream is just in need of purchasing and follow-up. It is expected that the market price of monoammonium phosphate will remain stable and slightly improved in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 14, the 64% particle index of China's mainstream diammonium phosphate was 3,790.00, down; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,425.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to stabilize and decrease slightly. On the enterprise side, the acquisition of new orders by enterprises is not good. Some enterprises have lowered their factory quotations, trading is flat, and actual transactions are only negotiated. In terms of the market, the international price of diammonium is lower than that of China. The market continues to be weak and downward, the focus of transactions has shifted, and the market has also shown a downward trend. The overall cargo buying atmosphere is general, with short-term weakness consolidation being dominated. On the demand side, demand for corn manure has weakened, market conditions have continued to decline, and agricultural demand has been small; the industry has just needed to make up the order, but it has shown signs of weakness in continuous follow-up, and the overall demand is weak and consolidating. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the market price of synthetic ammonia was consolidating at a high level, and the cost side was supported by high prices. Overall, China's demand in the diammonium market is currently weak, international prices are falling, and corporate shipments are under pressure. It is expected that the market price of diammonium phosphate will continue to remain weak, stable and downward in the short term.

Specific market prices in each region are as follows: