Phosphate Fertilizer Daily Review: Market conditions have not changed much and prices are stable and consolidating (June 19)

Monoammonium phosphate price index:

According to Feiduo data, on June 19, China's 55% powder index of monoammonium phosphate was 3,262.50, rising; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,500.00, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is rising steadily. On the enterprise side, enterprises continue to implement mainly advance orders, with a large number of orders to be issued. Most of them can be executed until mid-July, and a few can be executed until late July. There is no sales pressure. They continue to maintain limited orders, have a strong mentality, stable quotations, and are the main focus on actual transaction negotiations. In terms of the market, the market trading atmosphere was slightly depressed, with the trend being stable and partially stable. On the demand side, downstream factories have insufficient raw material inventories, and the demand for stocking still exists. Procurement is still in need, and some traders have also followed up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continue to be stable and rising, the market prices of synthetic ammonia are stable and moderate, and the cost support is in a strong consolidation state. On the whole, the current implementation of monoammonium companies is mainly underway, with a small amount of downstream follow-up replenishment. The market price is firm and stable, with no significant fluctuations. It is expected that the market price of monoammonium phosphate will continue to be stable and consolidated in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 19, 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. In terms of enterprises, among the execution of export and domestic sales orders, enterprises focus on exports, have sufficient waiting orders, and the industry has started at a high level. Currently, the execution is mainly due to waiting orders, and most of them suspend quotations and collection. In terms of the market, international prices continue to rise, boosting the Chinese market simultaneously. At present, some supplies are tight, operators have a strong wait-and-see attitude, and the market continues to consolidate. On the demand side, China's demand has entered the off-season, and downstream procurement mentality has temporarily stabilized and wait-and-see. Overall domestic demand is light and follow-up is limited. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been increased at high levels, the market price of synthetic ammonia has been slightly reduced, and the cost price has fluctuated and consolidated with minor changes. Overall, the current diammonium phosphate market atmosphere is deadlocked, the supply of some sources is tight, and the market is stable and organized. It is expected that the diammonium phosphate market will continue to stabilize and fluctuate slightly in the short term.

Specific market prices in each region are as follows: