Phosphate fertilizer daily review: Domestic demand continues to be sluggish and prices remain stable (July 10)

Monoammonium phosphate price index:

According to Feiduo data, on July 10, the 55% powder index of domestic monoammonium phosphate was 3,336.25, stable; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,633.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate is stable. In terms of enterprises, most companies hold orders for about one month, which is a large amount of orders. They mainly process orders for a short period of time. The quotations are firm, and they collect orders in a limited amount. Some of them are aimed at receiving a small number of orders for downstream core customers. The prices follow the market and have a strong mentality. In terms of the market, the market remained high, the market continued to operate firmly, and fluctuations were consolidated. On the demand side, downstream demand for new orders is average, with a small amount of purchases following up, and expectations for buying fertilizer in autumn are optimistic. The demand side is weak and firm in the short term, and deposits may make up for increases in the later period. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have risen one after another, while the synthetic ammonia market has not benefited yet. Prices are stable and declining, and costs fluctuate at high levels. On the whole, the current market cost and readiness of monoammonium continue to support, the price continues to be high and firm, and the market has little change in the short term. It is expected that the market price of monoammonium phosphate will continue to be stable and weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 10, the 64% particle index of the mainstream domestic diammonium phosphate was 3,800.00, rising; 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 has increased steadily and moderately. On the enterprise side, the enterprise focuses on exports, and the support is still good. The current domestic sales quotations remain relatively stable, and the actual transaction is still dominated by negotiations. In terms of the market, domestic market demand is weak, with a small amount of goods released, international prices continue to operate at a high level, downstream mentality is temporarily stable and mainly wait-and-see, follow-up of actual orders is limited, and the market is stable and operating. On the demand side, it is still early to use fertilizer in autumn, and the downstream replenishment mentality is temporarily stable and wait-and-see. During the off-season of domestic sales, the overall trading atmosphere is average. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to remain firm. The synthetic ammonia market was weakened and prices dropped slightly, but the overall cost support remained strong. On the whole, under the support of the current diammonium market exports and high costs, the market's intention to explore is gradually showing. The market is firm and stable in the short term. 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: