Daily review of phosphate fertilizer: Under the impact of the off-season on demand, the shipment of new orders by enterprises slows down (June 11)

Monoammonium phosphate price index:

According to Feiduo data, on June 11, 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 is stable. In terms of enterprises, the number of shipments from enterprises is still large. As goods are shipped one after another, the trading atmosphere has weakened, a small number of new orders have been received, and the quotations of some enterprises have dropped. In terms of the market, the market continues to cool down, the atmosphere for new orders trading is slightly lighter, and low-priced goods are emerging one after another. The mentality of operators is temporarily waiting and seeing, and the market is consolidating in the short term. On the demand side, the procurement of summer fertilizer raw materials has slowed down, and the demand side is in the off-season. The market trading performance of operators is average. The summer fertilizers of downstream compound fertilizer factories have been closed one after another. The purchasing mentality of raw materials is temporarily stable and wait-and-see, and the number of actual orders is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have temporarily stabilized, the market prices of synthetic ammonia have remained stable, and the cost-based price has not changed much. Overall, the current market demand for monoammonium is weakening, and the market price of monoammonium phosphate is expected to decrease steadily 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 11, 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. In terms of enterprises, enterprises continue to execute mainly export orders, followed up with a small number of domestic sales orders. Some enterprises stop equipment maintenance, industry starts to decline, factory quotations have temporarily remained stable, and actual transactions have been negotiated. In terms of the market, market trading has been suspended, prices have been stable and consolidated, and operators have a cautious attitude. On the demand side, summer fertilizer demand has come to an end, and demand follow-up is about to end. A small amount of downstream just needs to make up orders, and the market demand side is weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are consolidating, the synthetic ammonia market is recovering steadily, prices are showing signs of rising, and the cost range is fluctuating. Overall, the current diammonium market has followed up a small amount. Companies 'quotations are relatively firm under the support of the waiting period, and the market support is weak. It is expected that the market price of diammonium phosphate will be weak and stable in the short term.

Specific market prices in each region are as follows: