Phosphate fertilizer daily review: Weak demand continues to support high cost and price (July 8)

Monoammonium phosphate price index:

According to Feiduo data, on July 8, the 55% powder index of domestic monoammonium phosphate was 3,298.75, stable; the 55% particle index was 3,300.00, stable; and the 58% powder index was 3,600.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate is stable and consolidated. On the enterprise side, the enterprise is ready to continue to support. The current factory quotation remains high and firm, and the enterprise mentality supports the price. In terms of the market, high raw material prices are supported, the number of inquiries and purchases by industry operators has increased, and there is a strong intention to raise prices. The market atmosphere continues to operate at a high level and firmly. On the demand side, follow-up to the downstream autumn harvest is still slow, start-ups continue to decline, a small amount of follow-up on raw material procurement is limited, and the demand side supports weakness in the short term. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise and rose rapidly. The synthetic ammonia market maintained a slight decline, and raw material prices continued to be supported by high levels. On the whole, the current monoammonium market is supported by high raw material prices, and the industry has a strong upward trend, which is favorable to support the high market operation. It is expected that the market price of monoammonium phosphate will stabilize and rise 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 8, 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 continues to operate steadily. On the enterprise side, enterprises have sufficient export orders. Currently, 64% of the goods are tight. The domestic market has insufficient arrival volume. Good quotations continue to rise and transaction prices continue to rise. In terms of the market, the current trading atmosphere in the domestic market is weak. However, boosted by the good news of the bidding in Bangladesh, the mentality of the operators is relatively stable, and international prices are expected to rise further driven by the bidding in Bangladesh. On the demand side, domestic demand continues to be sluggish, downstream market purchases follow up with a small amount, and the overall trading atmosphere is average. Domestic short-term demand is weak, international supply is tight, and demand is strong. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continue to rise, the synthetic ammonia market continues to be weak, and prices continue to fall slightly. Overall, cost support is still strong. Overall, the current domestic demand in the diammonium market is light, but international demand continues to improve, supporting the domestic off-season market. It is expected that the market price of diammonium phosphate will continue to be stable and stable in the short term.

Specific market prices in each region are as follows: