Phosphate fertilizer daily review: Domestic sales atmosphere is weak, market prices are consolidating (June 17)

Monoammonium phosphate price index:

According to Feiduo data, on June 17, 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 and fluctuated. In terms of enterprises, enterprises continue to execute pending orders mainly, have a strong mentality, are receiving orders in limited quantities, and prices are generally stable. A few companies are one after another to introduce new prices. In terms of the market, the market trend is stable, the trading atmosphere is slightly dull, and the overall cargo atmosphere is slightly lower than in the previous period. On the demand side, downstream companies are still following up. Some downstream companies and traders maintain small purchases on demand, and the overall transaction volume is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are stable and consolidated, the market price of synthetic ammonia is weak, and the cost support is stable and fluctuating. On the whole, the current monoammonium factory has a large number of preparations, and raw material price support still exists. However, due to the limited impact of increased industry supply and the follow-up downturn in demand, it is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 17, 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, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China is stable today. On the enterprise side, enterprises continue to execute export orders. Supported by exports, quotations remain stable. Some enterprises start to decline, and market supply decreases, which supports the consolidation of high prices to a certain extent. In terms of the market, the Chinese market has temporarily stabilized, and demand has been slightly weak; international prices continue to rise, and the market is improving. The diammonium market has maintained a consolidation operation in the short term, and operators have good expectations for the future outlook. On the demand side, domestic procurement has basically ended, market demand is average, the follow-up atmosphere has weakened, the mentality is temporarily stable and wait-and-see, and a small number of orders just need to be replenished. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have remained stable and consolidated, the market price of synthetic ammonia has consolidated at a high level, and the cost price has temporarily remained high. On the whole, under the support of the positive international price trend, diammonium companies are currently shipping more export orders. Coupled with the support of high costs, the industry's supply has been reduced. It is expected that the market price of diammonium phosphate will be stable and upward in a short period of time.

Specific market prices in each region are as follows: