Daily review of phosphate fertilizer: Ammonium monophosphate market trading is still in demand downstream (July 31)

Monoammonium phosphate price index:

According to Feiduo data, on July 31, the 55% powder index of domestic monoammonium phosphate was 3,345.00, 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. On the enterprise side, there is still support for the pending orders at present, and the company's quotations are still firm. They will mainly continue to execute pending orders, and they will be cautious and wait and see. In terms of the market, the follow-up situation of market demand is still general. The mentality of operators is temporarily stable and wait-and-see, and the market is operating steadily with no change. In terms of demand, the autumn fertilizer market is generally stock, downstream factories are slowly recovering from construction, and there are many stocks in the early stage. The current purchasing atmosphere for raw materials is weak, demand is generally followed up, and the enthusiasm for replenishment is low, and the mentality continues to wait and see. In terms of raw materials, the prices of raw materials phosphate rock and sulfur continue to fluctuate at high levels, the market price of synthetic ammonia continues to fall, and short-term cost-based prices still remain supportive. On the whole, the current trading in the monoammonium market is flat, the market is weak at high prices, and there is little room for short-term changes in the market. It is expected that the market price of monoammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on July 31, 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 3,475.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate is stable. On the enterprise side, the enterprise continues to implement pre-receipt and export processing, with sufficient amount to be sent, with a strong willingness to bid, high quotations, and single negotiation of actual transactions. In terms of the market, the market is deadlocked and consolidating, and the overall price has not changed significantly. Recently, the market has been generally moving, and the market has temporarily stabilized and consolidated, continuing to operate at a high level. In terms of demand, there is insufficient stock volume just needed downstream in autumn. The current inventory is small, and there is still room for refilling orders just needed. It is expected that refilling orders will be followed up in the later period. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained high, the market prices of synthetic ammonia fell in conjunction, and the overall cost price remained high and stable. On the whole, there is still support for pending orders in the diammonium market, and there is still room for downstream replenishment. It is expected that the market price of diammonium phosphate will rise steadily in a short period of time.

Specific market prices in each region are as follows: