Phosphate fertilizer daily review: The off-season market is stable and the market fluctuates within a narrow range (July 9)

Monoammonium phosphate price index:

According to Feiduo data, on July 9, the 55% powder index of domestic monoammonium phosphate was 3,336.25, rising; the 55% particle index was 3,350.00, rising; and the 58% powder index was 3,633.33, rising.

Monoammonium phosphate market analysis and forecast:

The domestic market price of monoammonium phosphate increased today. On the enterprise side, individual companies followed up with a small number of new orders, and companies continued to maintain a limited number of orders, with stable quotations, and single discussions on actual transactions. In terms of the market, the domestic market continues to move upwards, with quotations rising steadily and consolidating. Companies have a wait-and-see purchasing mentality, and a small number of new orders are limited. In terms of demand, the demand for downstream compound fertilizers is off-season, the shipment is poor, the start-up load of the equipment continues to be low, and the factory is less enthusiastic about purchasing raw materials. It adopts a wait-and-see attitude and follows up with a small amount of supplementary orders. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise, with positive support at high levels. The supply-demand relationship in the synthetic ammonia market was weak, and the cost side remained high. On the whole, the current monoammonium market is supported by the continued support of cost and readiness, and the price continues to rise slightly at a high level. It is expected that the market price of monoammonium phosphate will continue to stabilize and increase slightly in stages 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 9, 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, enterprises continue to implement domestic and export advance receipts, and most of them will be issued until near the end of this month, which is still acceptable. Enterprises are less willing to adjust prices, and their quotations are temporarily stable. In terms of the market, the market trading atmosphere is calm and the mentality of operators is firm. Recently, supplies from the mainstream market have successively arrived, and the shipment prices of cargo holders have been temporarily stable and wait and see. The enthusiasm of downstream inquiries remains average, and the market is stable and consolidating. On the demand side, the international market continues to rise, the domestic market is still in the off-season demand, the autumn market has not yet started, downstream fertilizer preparation intentions are light, demand performance is weak, and the mentality is temporarily stable and waiting. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock increased slightly, and the synthetic ammonia market adjusted within a narrow range. Prices were loose, and costs continued to be supported at high levels. Overall, with the current international demand and cost support in the diammonium market, it is expected that the market price of diammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows: