Phosphate Fertilizer Daily Review: Companies continue to support high and stable quotations (August 5)

Monoammonium phosphate price index:

According to Feiduo data, on August 5, the 55% powder index of domestic monoammonium phosphate was 3,342.50, 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, the enterprise has a large number of orders and continues to implement orders. There is still no significant change in the quotation. After some new prices are introduced, a small number of new orders are followed up. In terms of the market, the market trading atmosphere is general, with limited follow-up on new orders, overall trading is weak, and the focus of transactions has dropped within a narrow range, but by a small margin. The current market situation is still deadlocked, and operators have a wait-and-see mentality. On the demand side, downstream procurement enthusiasm is obviously weak. The compound fertilizer factory is slowly expanding its construction, and it holds a certain amount of raw materials to prepare. Currently, the enthusiasm for making up orders is not high, and the overall demand performance is poor. In terms of raw materials, the market prices of raw materials phosphate rock and sulfur remained high and stable, the market price of synthetic ammonia continued to fall, and the overall raw material price remained high. On the whole, the current supply of monoammonium in the market is increasing, while demand is weak. Under the support of waiting, corporate quotations are consolidating at a high level and have limited fluctuations. It is expected that the market price of monoammonium phosphate will continue to adjust steadily and within a narrow range in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 5, the 64% particle index of the mainstream domestic diammonium phosphate was 3,808.33, stable; the 60% brown index was 3,450.00, down; and the 57% content index was 3,475.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate remained stable and fell slightly. On the enterprise side, the enterprise continues to execute export and a small number of domestic orders, with sufficient orders to be issued. 64% of the goods are tight. Some units are under maintenance, but the quotation has not changed, and it is mainly actively ensuring the domestic autumn fertilizer market. In terms of the market, the market cargo atmosphere is still sluggish, prices are high, downstream enthusiasm for preparing fertilizer is not good, and most of them are still in a wait-and-see state, with limited follow-up. On the demand side, downstream autumn needs are just approaching, and demand is cautiously and slowly following up. The current price is stable at a high level, downstream enthusiasm for receiving goods is poor, and actual follow-up is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been firm, the market price of synthetic ammonia has declined at a low level, and the cost range has fluctuated within a narrow range. On the whole, there are currently abundant orders from diammonium companies, and a small number of orders have been followed up in autumn. Market trading is flat. 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: