Phosphate Fertilizer Daily Review: Demand and costs continue to support market quotations to maintain consolidation (July 29)

Monoammonium phosphate price index:

According to Feiduo data, on July 29, 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, with no sales pressure, factory quotations remain firm and stable, and actual transactions remain under negotiation. In terms of the market, trading in new orders in the market was limited, the market was weak and stable, the short-term consolidation was stable, and the focus of transactions was mainly adjusted within a narrow range. On the demand side, the willingness to follow up on downstream demand is still general, and the improvement in the capacity utilization rate of compound fertilizer factories is still slow. In addition, some manufacturers still have some raw materials in stock and are not in a hurry to purchase for the time being. The follow-up of new orders in the market is limited. In terms of raw materials, the prices of raw materials phosphate rock and sulfur are consolidating at high levels, the synthetic ammonia market is mixed, and the overall raw material price remains high and rising. On the whole, the current market cost and pending orders for monoammonium continue to support, the follow-up situation on the demand side is general, and the short-term market is temporarily stable and wait-and-see. It is expected that the market price of monoammonium phosphate will continue to consolidate in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 29, 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. In terms of enterprises, enterprises have a large export volume and continue to execute export orders mainly. Domestic sales are still weak. Ex-factory quotations have not yet been adjusted, and they are mainly stable and organized. In terms of the market, the market trading atmosphere is general, and prices continue to be stable and orders are received. The mentality of operators remains stable and wait-and-see, and the market operation is clearly deadlocked. On the demand side, the downstream purchasing mentality is still cautious, demand follow-up is slightly weak, domestic sales still need, and a small amount of on-demand follow-up is maintained. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remain high, the synthetic ammonia market is regionalized, prices are consolidating at a high level, and the overall cost continues to be high. On the whole, there is still support for diammonium enterprises to export, and domestic needs still exist, and a small amount of follow-up is maintained. 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: