Phosphate Fertilizer Daily Review: Companies are preparing to support the consolidation of the market (June 24)

Monoammonium phosphate price index:

According to Feiduo data, on June 24, the 55% powder index of domestic 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 domestic market price of monoammonium phosphate continues to remain stable. On the enterprise side, enterprises continue to execute pending orders, and most of them can be executed until next month. With the support of pending orders, enterprises are mainly supporting prices. The current quotations are stable and the price adjustment mentality is cautious. In terms of the market, the situation of receiving new orders in the market is not good. Most transactions are kept true. Company output continues to rise, industry supply continues to increase, and the overall market trading atmosphere is consolidating. On the demand side, the demand side has become slightly weaker than the previous period. The operating rate of downstream factories continues to decline. The follow-up atmosphere on raw material procurement is general, and a small amount of goods is maintained to be obtained on demand. The overall demand side is weak and stable. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock were firm and stable, the market price of synthetic ammonia continued to fall slightly, and the price of raw materials fluctuated. On the whole, the current monoammonium market is operating firmly and steadily, with companies mainly waiting for development. Downstream procurement just needs a small amount of follow-up. It is expected that the market price of monoammonium phosphate will continue to remain stable 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 24, the 64% particle index of the mainstream domestic diammonium phosphate was 3,773.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,460.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate continued to hold stable. In terms of enterprises, the number of domestic sales orders issued by enterprises has reached July. Currently, most of the enterprises are mainly exporting, and the quotations are firm. Although the industry supply has improved recently, with the support of waiting orders, the company's quotations continue to remain firm. In terms of the market, during the off-season of domestic sales, the domestic market is temporarily operating steadily. On the contrary, the international market has entered the main demand season, and the atmosphere is improving. The export prices of domestic goods continue to rise, simultaneously boosting the trading sentiment of domestic market operators. International prices are expected to continue to rise in the future. Overall current market prices remain stable. On the demand side, domestic downstream procurement maintains a small amount of follow-up and replenishment, and the overall demand is limited. Under the influence of the off-season demand, procurement remains stable and wait-and-see. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the market price of synthetic ammonia dropped slightly, and the change in cost prices was small. On the whole, the current positive support for diammonium market exports has simultaneously driven the domestic market atmosphere. It is expected that the market price of diammonium phosphate will be difficult to decline in a short period of time.

Specific market prices in each region are as follows: