Phosphate fertilizer daily review: Monoammonium is expected to support high prices and international prices of diammonium continue to rise (August 6)

Monoammonium phosphate price index:

According to Feiduo data, on August 6, 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 continues to remain stable. In terms of enterprises, there is still support for enterprises to go ahead, execution is the main focus, and quotations remain stable for the time being. In terms of the market, the market trading atmosphere is general, with limited transactions of new orders, stable and consolidating, upstream traders receive orders generally, and the focus of market transactions is stable and narrow. On the demand side, follow-up on demand has slowed down, but there is still demand. Downstream compound fertilizer factories are still less motivated to purchase, follow-up on new orders is limited, and current demand performance is average. In terms of raw materials, the market prices of raw materials phosphate rock and sulfur fluctuated and consolidated. Transactions in the synthetic ammonia market improved, prices rose back, and costs remained high and narrow. On the whole, the current market demand for monoammonium is weak, and the follow-up of new orders is limited. However, companies are ready to go and costs continue to be high. It is expected that the market price of monoammonium phosphate will continue to be stable and narrow in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 6, the 64% particle index of the mainstream domestic diammonium phosphate was 3,808.33, stable; the 60% brown index was 3,450.00, 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, enterprises have sufficient advance orders. Among the domestic autumn fertilizer orders and international export goods, they have mainly stabilized price orders and maintained consolidation in the short term. In terms of the market, international demand still exists and continues to follow up. Export prices continue to rise, boosting the domestic market. The domestic autumn market has a general cargo atmosphere, and the demand mentality is wait-and-see, and the stable consolidation operation continues. On the demand side, international demand is relatively good, prices continue to rise, and demand in the downstream domestic market in autumn still exists, but the current follow-up is slow and limited. The domestic market is mainly weak and stable, and the transaction price in the just-needed market is stable. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated slightly, the market price of synthetic ammonia rose, and the cost-based price support remained strong. On the whole, the current supply and demand in the diammonium market are relatively balanced, international prices continue to rise, and the domestic market continues to be stable and wait-and-see. It is expected that the market price of diammonium phosphate will continue to be consolidated at a high level in the short term.

Specific market prices in each region are as follows: