Phosphate Fertilizer Daily Review: New orders were flat, domestic markets were temporarily stable and wait and see (July 17)

Monoammonium phosphate price index:

According to Feiduo data, on July 17, the 55% powder index of domestic monoammonium phosphate was 3,351.25, 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 pending orders for about one month. Currently, they are mainly executing pending orders. Under the support of short-term pending orders, the quotations remain firm and have not changed significantly. In terms of the market, the overall trend of the monoammonium market is stable, companies are willing to ship, quotations are temporarily stable and wait and see, the market continues to consolidate at a high level, a small number of downstream follow-up purchases, and new orders are limited. On the demand side, downstream compound fertilizer factories have a stable and wait-and-see attitude in raw material procurement, with limited ability to pursue high quality, and mainly follow up and replenish goods in a small amount. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are stable and consolidated, the market prices of synthetic ammonia are mixed, with slight fluctuations and consolidation, and the overall cost price continues to be consolidated at a high level. Overall, the current market atmosphere for monoammonium continues to be dull, companies are ready to continue to support, and the quotations are firm. It is expected that the market price of monoammonium phosphate will continue to remain high in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 17, the 64% particle index of the mainstream domestic diammonium phosphate was 3,808.33, stable; the 60% brown index was 3,480.00, down; and the 57% content index was 3,460.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate is stable and moderate. On the corporate side, companies continue to ship export orders, follow up on a small amount of domestic sales, and are temporarily stable in shipping. In terms of the market, domestic market prices continue to be stable, 64% of the supply is still tight, traders 'quotations are firm and stable, coupled with positive exports and the monoammonium market, the domestic diammonium market is temporarily stable and wait-and-see. In terms of demand, during the off-season of domestic demand, the market is generally moving goods, and the downstream is not enthusiastic about preparing fertilizer. A small amount of follow-up is mainly needed, and most of the demand is mainly for export of goods. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained generally stable, while the synthetic ammonia market was mixed, with small price fluctuations, and the cost price range was consolidated. On the whole, the current market cost of diammonium and export benefits continue to be supported at high levels, and companies ship at high prices. It is expected that the market price of diammonium phosphate will continue to be stable in the short term.

Specific market prices in each region are as follows: