Phosphate fertilizer daily review: Monoammonium companies are ready to support good exports of diammonium and supply is tight (July 23)

Monoammonium phosphate price index:

According to Feiduo data, on July 23, 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 continues to remain stable. On the enterprise side, the enterprise continues to mainly execute pending orders, maintaining a limited number of orders, and the quotation is firm. There is no significant change. The number of available supply sources in the market has increased, and the enterprise's shipments have increased, but the follow-up of actual orders is limited. In terms of the market, the trading atmosphere for new orders in the market is general, and the market trend is consolidating. The current market price is high, and the market supply is increasing. The mentality of operators is temporarily stable and the market is stable and organized. In terms of demand, downstream raw material procurement enthusiasm is average, compound fertilizer factory equipment is slowly starting up, and there is not high enthusiasm for replenishing raw materials. Small amounts of on-demand procurement are purchased, and follow-up is limited. In terms of raw materials, the supply of raw material phosphate rock is still tight, sulfur prices continue to rise, synthetic ammonia market prices are stable and consolidated, and the overall cost is still high. On the whole, the current market cost of monoammonium and its readiness will continue to support, and the market price of monoammonium phosphate is expected to 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 23, the 64% particle index of the mainstream domestic diammonium phosphate was 3,808.33, stable; the 60% brown index was 3,480.00, 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 is stable. On the enterprise side, ex-factory prices remain stable while export orders and domestic sales are being executed. Currently, supply and prices are still being maintained, and actual transactions are mainly negotiated. In terms of the market, market prices continue to operate steadily at high levels, with some quotations adjusting steadily and within a narrow range, and 64% of the goods are tight. The market inquiry atmosphere is improving. However, under the current high price levels, market prices continue to rise in a limited manner, and the market is stable and consolidated in the short term. In terms of demand, during the off-season of domestic demand, the market's cargo atmosphere is general, and a small amount of demand is mainly followed up and is slowly recovering; demand in the international market is still strong, prices are also rising, and export markets are relatively good, supporting high prices in the domestic market. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are still high, while the market prices of synthetic ammonia are high and low, and the overall cost is still on the upward trend. On the whole, the current international market for diammonium phosphate is relatively good. Under the influence of positive exports, the supply of goods in the domestic market is tight and companies are holding prices. It is expected that the market price of diammonium phosphate will continue to be high in the short term.

Specific market prices in each region are as follows: