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Phosphate fertilizer daily review: The supply of monoammonium market is tight and the inventory of diammonium companies is under pressure (May 28)

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May 28, 2024, 3:28 PM

Monoammonium phosphate price index:

According to Feiduo data, on May 28, the 55% powder index of China's monoammonium phosphate was 3,093.75, rising; the 55% particle index was 3,080.00, stable; and the 58% powder index was 3,350.00, rising.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been adjusted upwards. On the enterprise side, enterprises continue to mainly execute pending orders, and still suspend receiving orders and quoting more. Enterprises have limited volume, market supply is tight, and the mentality of supporting prices is mainly. In terms of the market, there is still a strong upward trend among industry operators. There are limited tradable goods in the market and low-end sources of goods are difficult to find, which has formed a certain positive support for the market and the market continues to be strong. On the demand side, agricultural summer fertilizers are in the final stage, and demand follow-up is limited. Affected by the small number of available goods, it is more difficult to obtain goods downstream. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to remain stable, the market prices of synthetic ammonia were mixed, and the cost price range was consolidated. On the whole, the current monoammonium market is ready to continue to support, with limited volume, a small amount of market supply, and a strong corporate mentality. It is expected that the market price of monoammonium phosphate will continue to stabilize and increase in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on May 28, the 64% particle index of China's mainstream diammonium phosphate was 3,770.00, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,362.50, stable.

 

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China is stable today. On the enterprise side, the enterprise is ready for support, the quotation is stable, and there is no significant change. The supply is sufficient, the enterprise's inventory is under pressure. The current willingness to ship is obvious, and most transactions remain on a single negotiation. In terms of the market, the market supply is sufficient, the mood is pessimistic, the trading atmosphere is sluggish, the market is loosened in a narrow range and the focus of transactions continues to decline. On the demand side, the demand atmosphere in China is flat, the demand for corn manure is limited, the buying atmosphere is still tepid, and the demand side is running flat. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been stable and consolidated, the market price of synthetic ammonia has declined, and the cost-based price support has not changed much. On the whole, the current diammonium market is waiting for a small amount of support, the follow-up of new orders is not good, and corporate shipments are under pressure. It is expected that the market price of diammonium phosphate will continue to be weak and consolidated downward in the short term.

Specific market prices in each region are as follows: