Phosphate Fertilizer Daily Review: Active international market trading supports the rise in China's quotations (June 3)

Monoammonium phosphate price index:

According to Feiduo data, on June 3, China's 55% powder index of monoammonium phosphate was 3,243.75, rising; the 55% particle index was 3,080.00, stable; and the 58% powder index was 3,466.67, rising.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to rise today. In terms of enterprises, most companies have already received full orders this month and have a large amount of waiting. They continue to suspend orders and limit orders, and their quotations continue to rise. In terms of the market, the supply of goods in the market is still tight, the trading atmosphere in the international market has become active, export prices have risen, and operators have a positive attitude towards the future outlook. On the demand side, downstream purchasing willingness still exists. At this stage, seasonal demand is following up. During centralized procurement of goods sources, demand-side follow-up continues to increase. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated, the market price of synthetic ammonia continued to rise, and the price of raw materials rose. On the whole, the current monoammonium market is large and downstream demand continues to follow up, coupled with cost support, 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 June 3, the 64% particle index of China's mainstream diammonium phosphate was 3,771.67, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,412.50, rising.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China rebounded slightly today. On the enterprise side, the enterprise's focus has shifted to the export market, with export orders being shipped mainly, and a small amount of domestic sales to be supported. The current quotation is stable and firm. In terms of the market, domestic demand has gradually weakened, the international demand atmosphere has improved, export prices have risen, Chinese quotations have simultaneously increased slightly, and the mentality of industry operators has improved. On the demand side, the delivery of corn manure terminals for agricultural needs has basically ended, with some follow-up in batches; industrial downstream factories continue to purchase on demand, with a cautious purchasing mentality, and the overall atmosphere of domestic sales has not improved significantly. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated, and the market price of synthetic ammonia rose at a high level, with strong cost support. On the whole, the current diammonium market is supported by costs and international markets. Although China's demand is drawing to an end, the market is operating firmly. It is expected that the market price of diammonium phosphate will stabilize in a short period of time.

Specific market prices in each region are as follows: