Daily review of phosphate fertilizer: The supply of monoammonium market is tight and the inventory of diammonium companies is sufficient (May 29)

Monoammonium phosphate price index:

According to Feiduo data, on May 29, China's 55% powder index of monoammonium phosphate was 3,125.00, rising; the 55% particle index was 3,080.00, stable; and the 58% powder index was 3,383.33, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to increase. On the enterprise side, companies have a large amount of pending orders, and pending orders continue to be supported. Some of them remain suspended from quoting and receiving orders. Market prices continue to remain high, and a few quotations are tentatively raised. In terms of the market, the volume of new orders is limited, and the supply of goods in the market is still tight, and the atmosphere of pushing up is high. On the demand side, a small amount of demand is followed up, while downstream compound fertilizer companies maintain a small amount of purchase that is just in need, and the overall high-price follow-up is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock were mainly stable, the market price of synthetic ammonia increased slightly, and the high cost price fluctuated slightly. On the whole, the current monoammonium market is just in need of and ready to be supported, coupled with tight market supply, which is favorable for the upward trend of prices. It is expected that the market price of monoammonium phosphate will continue to hold steady 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 29, 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:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, the enterprise is ready to support, and the quotation has not been significantly adjusted. The current shipping mentality is positive, and the actual transaction continues to remain a single negotiation. In terms of the market, the market trading atmosphere is general. With sufficient supply, negative sentiment affects the upward trend of prices. The sentiment of operators is pessimistic, and the current market is weak. On the demand side, domestic demand is flat, the demand for corn manure has basically ended, and a small amount downstream just needs to be followed up. There has been no significant improvement in getting goods, and the purchasing mentality is cautious. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the synthetic ammonia market rebounded slightly, and price fluctuations on the cost side were limited. On the whole, the current market demand for diammonium is following a weak operation, but with the support of cost and demand, prices have remained stable. It is expected that the market price of diammonium phosphate will stabilize and decrease in a short period of time.

Specific market prices in each region are as follows: