Phosphate Fertilizer Daily Review: Domestic sales are flat and companies are firm and firm in quotes (June 12)

Monoammonium phosphate price index:

According to Feiduo data, on June 12, the 55% powder index of China's monoammonium phosphate was 3,262.50, rising; 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 and rising. On the enterprise side, the trading atmosphere of new orders has cooled down, and execution continues to be focused on waiting. Currently, supply is increasing, market supply is increasing, company quotations are weak and stable, and many transactions are maintained under negotiation. In terms of the market, the pace of preparing raw materials and fertilizers in autumn is relatively slow, and buyers have a wait-and-see attitude and conduct inquiries and purchases based on their own raw material inventory. The market trading atmosphere remains organized and running. On the demand side, summer fertilizers are basically over, downstream enthusiasm for receiving goods has weakened, and the demand atmosphere has cooled. The quantity of raw materials that compound fertilizer factories need to purchase is limited, and the overall demand is cautious. In terms of raw materials, the market atmosphere for raw materials such as sulfur and phosphate rock is flat, the market price of synthetic ammonia has increased, and there is still support in terms of cost. On the whole, the current supply of monoammonium in the market is increasing and demand is weakening. However, supported by costs and a small amount of waiting, companies 'quotations are firm, and the market price of monoammonium phosphate is expected to be stable and adjusted 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 12, the 64% particle index of China's mainstream diammonium phosphate was 3,773.33, rising; the 60% brown index was 3,500.00, rising; 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 is upward. On the enterprise side, companies are under pressure to acquire new orders, mainly executing export orders, domestic prices are stable and have not yet been adjusted, and transactions are negotiated. In terms of the market, the market trading atmosphere is stable and tidy, some devices have parking plans one after another, and industry supply is expected to decrease. On the demand side, we are currently in the final stage of summer fertilizer, and the corn fertilizer market is coming to an end. A small amount of follow-up is mainly needed. The demand side is gradually weakening, and the purchasing mentality is cautious. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have remained stable, the market price of synthetic ammonia has risen, and the cost price has been stable and rising, which still has support for the market. Overall, the current diammonium phosphate market is just in need of a small amount of follow-up, domestic prices are stable, operators are holding firm and wait-and-see, and it is expected that the diammonium phosphate market price will continue to be weak in the short term.

Specific market prices in each region are as follows: