Phosphate fertilizer daily review: The phosphate fertilizer market is operating steadily during the off-season of domestic demand (July 2)

Monoammonium phosphate price index:

According to Feiduo data, on July 2, the 55% powder index of domestic monoammonium phosphate was 3,291.25, rising; the 55% particle index was 3,300.00, stable; and the 58% powder index was 3,583.33, rising.

Monoammonium phosphate market analysis and forecast:

The domestic market price of monoammonium phosphate increased today. On the enterprise side, the enterprise has received a large number of orders and is ready to support it. Currently, it continues to receive orders in a limited manner, has a firm attitude towards prices, and is implementing them one after another. In terms of the market, the market is operating steadily and temporarily stable in the short term. The mentality of operators is strong and the atmosphere of market observation is strong. The current industry supply is still increasing. On the demand side, the overall downstream demand is average, and procurement enthusiasm has dropped slightly. However, at this stage, a small amount of demand for replenishment orders still exists, and the weak demand side is mainly followed up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been consolidated at a high level and have strong support. The synthetic ammonia market has been mixed, prices have been consolidating, and raw material prices have continued to stabilize and rise. On the whole, the current market cost and readiness of monoammonium are still supported, and demand is following up a little. It is expected that the market price of monoammonium phosphate will continue to be stable and low in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 2, 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. On the enterprise side, the enterprise continues to execute export orders, with a large amount of exports to be issued. Currently, a small number of domestic sales orders are being received, and the quotations are stable and consolidated. In terms of the market, export orders continue to follow up and prices continue to rise, which has boosted the domestic market. Currently, some supplies of goods in the market are tight, and operators have positive expectations for the future outlook, so the market is temporarily stable and consolidated. On the demand side, international demand continues to improve, with a large number of inquiries and a good trading atmosphere, boosting the domestic market. Domestic sales are currently in the off-season, and domestic demand is generally following up, while maintaining a small amount that just needs to be followed up. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are supported by high levels, the synthetic ammonia market has been consolidated at a high level, and cost-based prices remain high. On the whole, the current strong international demand in the diammonium market has driven high domestic market prices, and domestic sales are consolidating. Supported by raw material prices, it is expected that the high diammonium phosphate market price will support a minor increase in the short term.

Specific market prices in each region are as follows: