Phosphate Fertilizer Daily Review: The market continues to hold steady and wait-and-see (July 4)

Monoammonium phosphate price index:

According to Feiduo data, on July 4, the 55% powder index of domestic monoammonium phosphate was 3,298.75, rising; the 55% particle index was 3,300.00, stable; and the 58% powder index was 3,600.00, rising.

Monoammonium phosphate market analysis and forecast:

The domestic market price of monoammonium phosphate increased today. On the enterprise side, the company's orders to be issued continue to support, and the factory quotations remain firm and stable. Currently, the company's production is stable, the volume to be issued is large, and orders are being received in limited quantities. In terms of the market, the number of market inquiries and purchases has increased, and industry operators have a strong upward sentiment. Currently, they are mostly bullish and have better expectations for the future outlook. In terms of demand, in the off-season of domestic demand, a small amount of replenishment needs to be followed up, the willingness to replenish is weak, follow-up is slow, and the mood is mainly wait-and-see. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise, the supply-demand relationship in the synthetic ammonia market was weak, prices fell, and raw material prices remained high. Overall, the current operation of the monoammonium market is deadlocked. With the support of companies and raw materials, the quotation continues to be firm. It is expected that the market price of monoammonium phosphate will continue to be stable and 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 July 4, 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, most companies have sufficient orders to issue, a large number of orders to issue, a strong mentality, factory quotations have been temporarily stabilized, and actual transactions are still mainly negotiated. In terms of the market, the international market atmosphere continues to improve, and the market continues to rise. Operators have better expectations for the future outlook, have a stable and wait-and-see mentality, and transaction prices continue to remain stable. Currently, a small number of goods are delivered in the market, spot goods are difficult to find, and supply is tight, which is good to support prices. In terms of demand, in the off-season of domestic sales, some of the market needs are still in place in the autumn, and a small amount of replenishment is followed up; demand in the international market is still hot, and the atmosphere for goods export is good, which supports the stability of domestic prices at high levels. In terms of raw materials, the market trend for raw materials sulfur and phosphate rock is firm, the synthetic ammonia market has received average orders, and prices have dropped slightly. Overall, cost support is still at a strong level. Overall, the current international prices and raw material prices in the diammonium market are both rising, which is good to support the domestic off-season atmosphere. It is expected that the market price of diammonium phosphate will continue to stabilize and increase slightly in the short term.

Specific market prices in each region are as follows: