Phosphate fertilizer daily review: Domestic demand continues to be weak, exports and costs support the market (July 1)

Monoammonium phosphate price index:

According to Feiduo data, on July 1, the 55% powder index of domestic monoammonium phosphate was 3,281.25, stable; the 55% particle index was 3,300.00, stable; and the 58% powder index was 3,533.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate continues to remain stable. On the enterprise side, the enterprise continues to implement the plan. Under the support of the enterprise, the enterprise's quotation is firm and is still receiving orders in a limited manner. In addition, due to the low market demand, the enterprise's enthusiasm for production is low, and the industry's equipment starts to operate at a low level. In terms of the market, the trading of new orders in the market is average, the mentality of operators is firm, and the market is temporarily stable and consolidated in the short term. On the demand side, agricultural advance receipts in autumn have not yet been fully launched, and the demand atmosphere has slowed down; the industrial compound fertilizer market has entered the off-season, start-ups have continued to decline, and the demand atmosphere for raw materials has slowed down. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are rising at high levels. The overall demand in the synthetic ammonia market is average. Prices are stable and consolidated, and raw material prices are still rising. Overall, the current market demand for monoammonium is weak, but supported by demand and rising raw material prices, 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 July 1, 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, enterprises still mainly focus on executing export orders, with strong demand in the international market, and most of the enterprises 'focus on the export market. In terms of the market, the domestic market is temporarily stable and consolidated, the trading atmosphere is average, and the market is consolidating. The international market is in the demand season, and export demand is relatively good, supporting the operation of the diammonium market. On the demand side, agricultural demand in the domestic market is temporarily stable and wait and see, downstream industries are starting at a low level, and demand is mainly following up on a small amount. The international market continues to improve, boosting exports. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been consolidating, and the synthetic ammonia market has been mixed. Prices have been mixed, and cost-side prices have continued to support high levels. On the whole, the current international export demand in the diammonium market is still strong, and domestic demand is following up with a small amount of flat. With the support of exports and costs, it is expected that the market price of diammonium phosphate will continue to rise at a high level in the short term.

Specific market prices in each region are as follows: