< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Phosphate fertilizer daily review: Industry operators 'willingness to buy more weakens. The market needs to purchase mainly (June 5)

293
June 5, 2024, 3:58 PM

Monoammonium phosphate price index:

According to Feiduo data, on June 5, the 55% powder index of China's monoammonium phosphate was 3,256.25, stable; the 55% particle index was 3,150.00, rising; the 58% powder index was 3,466.67, stable.image.png

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be stable and moderate. On the enterprise side, companies have a large amount of waiting volume and continue to suspend quotations and control orders receiving. Some traders have raised their quotations within a narrow range, and the focus of transactions has remained high. In terms of the market, the market's upward sentiment is high, and transaction prices are stable and rising. The current market price is high and the price is rising too fast. Operators are wait-and-see about high-priced purchases, and the follow-up of new orders is limited. On the demand side, high-priced downstream purchases are cautious, demand is gradually cooling down, and a small amount of replenishment is just needed to follow up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock declined steadily and within a narrow range. The market price of synthetic ammonia fell partially, and the strong support of raw material prices slowed down. On the whole, the current high-priced purchases in the monoammonium market have followed up and cooled down, and the downstream high-priced purchases are cautious and have a wait-and-see mentality. It is expected that the market price of monoammonium phosphate will remain stable and consolidated in the short term.

Specific market prices in each region are as follows:

image.png


Diammonium phosphate price index:

According to Feiduo data, on June 5, 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 3,457.50, stable.

image.png

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and consolidated. On the enterprise side, among the domestic sales and export orders shipped by enterprises, the orders received by each enterprise vary. The current quotations are chaotic, and the actual transaction is single. In terms of the market, the market maintained a stable consolidation operation, prices continued to rise firmly, and the market was consolidated within a narrow range. Operators had a better mentality and watched the market more and more. On the demand side, China's trading atmosphere is light, demand for corn manure is generally followed up, domestic sales are mainly weak and stable, and demand support is insufficient. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been stable and consolidated, the focus of transactions in the synthetic ammonia market has declined, and cost support has weakened. On the whole, after the current market price of diammonium continues to rise, the willingness of operators to buy more has weakened and the transaction volume has decreased. It is expected that the market price range of diammonium phosphate will fluctuate and consolidate in a short period of time.

Specific market prices in each region are as follows:

image.png