Phosphate fertilizer daily review: Downstream high price willingness to follow up weakened, corporate quotations remained stable (June 6)

Monoammonium phosphate price index:

According to Feiduo data, on June 6, the 55% powder index of China's monoammonium phosphate was 3,256.25, stable; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,466.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China remains stable. On the enterprise side, the enterprise still has support for the launch, with high quotations, mainly receiving a small number of orders or controlling orders, no new prices have yet been made, and actual transactions have been negotiated. In terms of the market, the enthusiasm for following up on new orders in the market has dropped compared with the previous period. The follow-up efforts of operators to high prices have slowed down. Market transactions have been limited, and a consolidation and wait-and-see operation has been maintained in the short term. On the demand side, the downstream purchasing mentality tends to wait and see, and be cautious in chasing high prices. A small number of goods are mainly in need, and follow-up is slowed down. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been stable and stable, the market price of synthetic ammonia has stabilized and dropped slightly, and the cost price has been steadily adjusted. On the whole, the current market price of monoammonium is at a high level, corporate quotations are firm, downstream follow-up is cautious, and the market trading atmosphere is deadlocked. It is expected that the market price of monoammonium phosphate will stabilize and adjust in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 6, 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.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, while the enterprise continues to execute export and domestic sales orders, the factory quotations remain stable, with a small number of orders and shipments mainly, and transaction follow-up is limited. In terms of the market, the market's enthusiasm for following up on new orders has declined, and the mentality has gradually become cautious and wait-and-see. A small number of goods are mainly in need, and the overall market is consolidating. On the demand side, the agricultural market is currently in the finishing stage of corn manure, and the demand side has limited follow-up in a small amount, which has not changed much from the previous period; industrial downstream compound fertilizer factories have cooled down their enthusiasm for purchasing raw materials, and continue to pursue high prices with caution, and a small amount just needs to be replenished. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the market price of synthetic ammonia was mixed, and the cost side fluctuated. Overall, the current diammonium market is stable, and downstream high prices are slowing down. It is expected that the market price of diammonium phosphate will remain stable and consolidated in the short term.

Specific market prices in each region are as follows: