Phosphate Fertilizer Daily Review: China's trading atmosphere, general market prices are consolidating (June 13)

Monoammonium phosphate price index:

According to Feiduo data, on June 13, the 55% powder index of China's monoammonium phosphate was 3,262.50, 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. On the enterprise side, the trading atmosphere of new orders is general, and the actual transaction volume is limited. Currently, the main execution of pending orders is pending, and most of them have not yet new prices yet. The factory quotations are consolidating. In terms of the market, the enthusiasm of industry operators to receive goods has weakened, and their mentality has temporarily stabilized. The market trend is mainly stable, and the market has adjusted slightly. In terms of demand, downstream demand has entered the traditional off-season, with a small amount of demand for fertilizer preparation, and appropriate amounts of supplementary orders are followed up. The procurement of raw materials has slowed down, and more goods are obtained on demand. In terms of raw materials, the market for raw materials sulfur and phosphate rock is consolidating, the market price of synthetic ammonia continues to increase, and cost support remains strong. On the whole, the current follow-up of downstream demand in the monoammonium market is limited. Companies have suspended purchasing and purchasing, and the market is mainly sorted out for a short period of time. It is expected that the market price of monoammonium phosphate will continue to stabilize and fluctuate 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 13, the 64% particle index of China's mainstream diammonium phosphate was 3,773.33, stable; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,460.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and fluctuated. On the enterprise side, the company purchased a small amount of domestic sales, and the business owner executed export orders. With the support of waiting, the quotation was temporarily stable. In terms of the market, downstream purchasing enthusiasm is poor, market demand is light, trading atmosphere is weakened, operators 'sentiment is temporarily stable and mainly wait-and-see, and the market is consolidating. On the demand side, Bangladesh's tender was released, the international demand atmosphere is improving, and orders continue to be followed up; on the contrary, China's demand is in the off-season, demand is basically over, sales are flat, and a small amount of replenishment is just needed, and the actual purchase volume is limited. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been consolidating at high levels, and the market price of synthetic ammonia has continued to increase, supported by high cost prices. On the whole, the current diammonium market is consolidating at a high level and the downward trend is blocked under the support of costs and international orders. It is expected that the diammonium phosphate market price will maintain range fluctuations in the short term.

Specific market prices in each region are as follows: