Phosphate Fertilizer Daily Review: Domestic sales atmosphere is weak, and companies are preparing to implement more (June 20)

Monoammonium phosphate price index:

According to Feiduo data, on June 20, 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 3,500.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. On the enterprise side, enterprises continue to maintain control over orders and have a large number of orders to be issued, which supports the company's high and stable quotations. Currently, there are no new prices yet, and new orders in the market are still mainly negotiated. In terms of the market, industry supply continues to increase, the market trend is consolidating, and prices are stable and narrow. The current market transaction price is slightly lower. It is difficult to deal with high-priced goods, and low-end goods are difficult to find. The market is stable in the short term. On the demand side, there is still demand for fertilizer preparation in downstream factories, maintaining a small amount of on-demand procurement, low willingness to follow up on high prices, and a wait-and-see purchasing mentality. In terms of raw materials, the markets for raw materials sulfur and phosphate rock consolidated within a narrow range, the market price of synthetic ammonia continued to fall slightly, and the prices of raw materials fluctuated within a narrow range. On the whole, the current monoammonium market is supported by costs and pending orders, and company quotations are mostly stable. However, the current demand follow-up is limited. It is expected that the market price of monoammonium phosphate will remain stable in a short period of time, with room for change. Small space.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on June 20, 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:

Today, the market price of diammonium phosphate in China continues to remain stable. In terms of enterprises, enterprises currently mainly execute export orders, domestic sales quotations are firm and stable, actual transaction prices remain stable, and most of them still focus on negotiations. In terms of the market, the Chinese market is operating steadily for the time being, and export transaction prices continue to rise, which supports the sentiment of Chinese market operators to a certain extent. The mentality of operators is more wait-and-see, and the overall trading atmosphere is average. In addition, due to the impact of export shipments, 64% of China's goods supply is tight, forming a positive situation. On the demand side, domestic sales demand has entered the off-season. Procurement of corn fertilizer for agriculture in North China is flat, with a small amount just needed, and downstream replenishment mostly maintains on-demand procurement. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been adjusted in a narrow range, the market price of synthetic ammonia has continued to adjust slightly, and the cost price range fluctuates with small changes. Overall, the current diammonium phosphate market is supported by costs and corporate shipment export orders, and the market will still be supported in the short term. It is expected that the diammonium phosphate market will continue to maintain a stable tone in the short term.

Specific market prices in each region are as follows: