Daily review of phosphate fertilizer: New orders in the monoammonium market are followed up with a small amount of diammonium domestic sales are followed up generally (August 8)

Monoammonium phosphate price index:

According to Feiduo data, on August 8, the 55% powder index of domestic monoammonium phosphate was 3,342.50, stable; the 55% particle index was 3,380.00, rising; and the 58% powder index was 3,633.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate has increased steadily and moderately. On the enterprise side, the enterprise continues to focus on the execution of pending orders, with a small number of new orders, an increased willingness to ship, a narrow focus of transactions, some pending orders still have support, and the quotations are temporarily firm. In terms of the market, market transactions are still weak, demand performance is weak, operators are wait-and-see, the overall trading atmosphere is weak, the market is unstable, and the market remains deadlocked in the short term. In terms of demand, downstream purchasing mentality is cautious, and enthusiasm for follow-up is still average. Downstream compound fertilizer factories hold more stock of raw materials and are not willing to continue receiving goods. There are a small number of new orders sold. At this stage, the start-up load of the equipment is slowly increasing, and overall follow-up is limited. In terms of raw materials, the market prices of raw materials phosphate rock and sulfur are high, the synthetic ammonia market is stable and rising, and the overall cost is still high. On the whole, the current number of new orders in the monoammonium market is limited, company bids are stable, medium and low, and the market operation is deadlocked. It is expected that the market price of monoammonium phosphate will continue to be stable and consolidated in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 8, 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. On the enterprise side, companies ship a large number of export orders and mainly domestic sales orders. There is no inventory pressure, and the quotation is stable, waiting for downstream demand to follow up. In terms of the market, the market trading atmosphere continues to be weak. The current market is unstable. The buying mentality of traders has been affected to a certain extent. In the short term, the market is still dominated by stability. On the demand side, the fertilizer preparation time in autumn continues to shorten, while terminal demand has not yet started. Downstream just needs to follow up on a small amount. The buying atmosphere of the industry is general and the mentality continues to be cautious. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to remain high, the market prices of synthetic ammonia continued to consolidate, and the cost remained high. On the whole, the current domestic sales of diammonium phosphate in the market are generally normal, but it is still in demand and is expected to be purchased in the later period. It is expected that the market price of diammonium phosphate will continue to stabilize and consolidate in a short period of time.

Specific market prices in each region are as follows: