Phosphate fertilizer daily review: The monoammonium market is stable and the diammonium export orders continue to support (August 1)

Monoammonium phosphate price index:

According to Feiduo data, on August 1, the 55% powder index of domestic monoammonium phosphate was 3,342.50, down; 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 stabilized and fell slightly. On the corporate side, companies still have orders waiting for them. Under the support of short-term waiting, factory quotations continue to be firm and stable, and actual transactions are mostly negotiated. In terms of the market, the market trend is still weak, and the follow-up of new orders is weak. The number of new orders in the market is limited, and the market is stable and consolidated within a narrow range. On the demand side, a small amount of downstream autumn fertilizer has been followed up, and the start-up of compound fertilizer factories has continued to increase slowly. However, the purchase of raw materials has not yet been released in large quantities. The actual follow-up situation has not been as expected. The mentality is wait-and-see, and replenishment follow-up may occur in the later period. In terms of raw materials, the market conditions for raw materials phosphate rock and sulfur continue to rise, the market price of synthetic ammonia continues to fall, and short-term support for overall cost prices still exists. Overall, the current monoammonium phosphate market is still deadlocked, with companies waiting for support, downstream replenishment is not active, and the market has not changed much. It is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 1, 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 has increased steadily and moderately. On the enterprise side, exports are still in the main window period. Enterprises still have pending orders and have a firm attitude towards prices. However, based on the guidance of ensuring supply and stabilizing prices, the quotations are mostly firm and stable. In terms of the market, export quotations continue to rise, which is favorable to supporting the domestic market. Prices continue to be consolidated at a high level, operators 'mentality is stable, and the domestic market is temporarily stable. On the demand side, domestic demand continues to remain a small amount of follow-up. The overall demand is average, the purchasing mentality is cautious, international export demand is good, and export orders continue to be shipped, driving the domestic market. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have risen at high levels, the market price of synthetic ammonia has been lowered, and the short-term cost is still at a high level. On the whole, the current international export orders in the diammonium market are driving the domestic market, and corporate quotations are consolidated at a high level. It is expected that the market price of diammonium phosphate will continue to stabilize and increase in the short term.

Specific market prices in each region are as follows: