Phosphate fertilizer daily review: Demand follow-up has not yet started market consolidation (August 7)

Monoammonium phosphate price index:

According to Feiduo data, on August 7, 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. On the enterprise side, the enterprise is ready to continue to support, the quotation has not changed and remains stable, the situation of receiving new orders is average, the mentality has dropped slightly, and the mentality has been short-term wait-and-see. In terms of the market, the market atmosphere is deadlocked and the focus of transactions has been adjusted within a narrow range. The overall trading atmosphere is still weak. The mentality of operators is unstable, and the market is stable and fluctuates in the short term. In terms of demand, there is strong market demand in the autumn, and downstream needs still exist, but follow-up is slow and procurement enthusiasm needs to be improved. Downstream compound fertilizer factories are cautious in stocking raw materials, and follow-up on new orders is limited. In terms of raw materials, the market prices of raw materials phosphate rock and sulfur are consolidating, and the synthetic ammonia market is stable and orders are closed. The overall cost price is high, and upstream prices are mainly supported. On the whole, the current mentality of monoammonium companies has dropped slightly and the price has been adjusted slightly, but the market follow-up is still weak. It is expected that the market price of monoammonium phosphate will continue to be stable and adjusted in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 7, 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 continued to hold stable. In terms of enterprises, enterprises are mainly executing, price trends remain stable, shipment sentiment is stable, and they continue to wait and see. In terms of the market, the market trading atmosphere is not good and it is in the export period. 64% of domestic goods are in tight supply. Operators are actively expecting the future outlook and are waiting for demand to start, so the market is mainly consolidating. On the demand side, the fertilizer preparation time in autumn has been shortened, the downstream stock volume has been insufficient, and the enthusiasm for purchasing has increased. A small amount of follow-up is needed, but a large amount of follow-up expectations have been stored in the future. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been consolidated at a high level, the market prices of synthetic ammonia have been consolidated, and cost prices have been adjusted within a narrow range. On the whole, the current diammonium market is still in demand in the autumn, but the current downstream follow-up is slightly weak, and the market is deadlocked. It is expected that the market price of diammonium phosphate will continue to consolidate at a high level in the short term.

Specific market prices in each region are as follows: