Daily review of phosphate fertilizer: The supply of primary ammonium market exceeds demand and secondary ammonium executes export orders (May 23)

Monoammonium phosphate price index:

According to Feiduo data, on May 23, the 55% powder index of China's monoammonium phosphate was 3,035.00, rising; the 55% particle index was 3,080.00, stable; and the 58% powder index was 3,333.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to increase steadily. In terms of enterprises, companies have a large number of shipments and tight spot supply, most companies continue to seal orders and stop selling, focusing on processing shipments. In terms of the market, the bullish atmosphere in the market continued, the focus of transactions continued to push up, and the market remained at a high level. On the demand side, agricultural summer fertilizer production is still in need of replenishment, and procurement continues to be followed up; industrial downstream compound fertilizer factories remain in need of procurement of raw materials. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have stabilized significantly, the market for synthetic ammonia has weakened, and cost prices have fluctuated within a narrow range. On the whole, the current monoammonium market is just in need and ready to continue to support high prices. With the market in short supply, it is expected that the market price of monoammonium phosphate will continue to remain stable and adjust slightly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 23, the 64% particle index of China's mainstream diammonium phosphate was 3,776.67, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,387.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. In terms of enterprises, most of the focus of enterprises is on the shipment of export orders, and most of the orders can be executed until next month. The current industry starts at a relatively high level, and the company's quotations are firm and there is no adjustment. In terms of the market, international prices are firm, and export shipments are mostly carried out. Domestic sales need limited follow-up, and the market wait-and-see attitude remains unabated. On the demand side, the demand for corn manure is coming to an end, and a small amount is just in need of making up the order, and follow-up is limited. The demand in the Chinese market is running weak and stable. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are firm, the market price of synthetic ammonia is steadily falling, and the high cost is slightly adjusted downward. On the whole, the current focus of the diammonium phosphate market is on exports. China's demand is limited and the market is operating firmly. It is expected that the price of diammonium phosphate in the Chinese market will continue to be weak in the short term.

Specific market prices in each region are as follows: