Phosphate fertilizer daily review: Downstream demand for monoammonium is gradually released, international prices of diammonium continue to rise (August 12)

Monoammonium phosphate price index:

According to Feiduo data, on August 12, the 55% powder index of domestic monoammonium phosphate was 3,342.50, stable; the 55% particle index was 3,380.00, 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 corporate side, follow-up on new orders is limited, and corporate orders are not well received. With the support of waiting, short-term quotations remain firm, and transaction prices continue to be negotiated. In terms of the market, the overall trading atmosphere in the market is weak, companies are not doing well, operators are following up generally, the focus of transactions is declining, and the market atmosphere continues to be weak. On the demand side, the construction of downstream compound fertilizer factories is slowly increasing. Most of them have already held some raw materials in stock in the early stage. Their enthusiasm for purchasing high-priced monoammonium has cooled down, and only a small amount of on-demand purchases are maintained. As demand gradually approaches, downstream shipments will gradually be released., demand is expected to return to expectations. In terms of raw materials, the market prices of raw materials phosphate rock and sulfur remained stable at high levels, the market price of synthetic ammonia fluctuated, and cost-based prices continued to support. On the whole, the current monoammonium market trading is still flat, but it is expected that the market price of monoammonium phosphate will remain consolidated 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 12, the 64% particle index of the mainstream domestic diammonium phosphate was 3,816.67, rising; 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 has increased steadily and moderately. On the enterprise side, business owners execute export orders, and the quotations are firm and stable. The current market price is already at a high level. Enterprises have a strong awareness of ensuring supply and stabilizing prices, and prices continue to be under upward pressure. In terms of the market, the market has temporarily stabilized and the market has continued to be stable. The international price of diammonium continues to rise, which has strong support for the domestic market and the price is firm at a high level. On the demand side, domestic sales are average, downstream demand is slow to follow up, and there is little reserve. However, the downstream market still exists in demand in the autumn, and deposits follow up with expectations in the later period. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been consolidated at high levels, the market price of synthetic ammonia has fluctuated, and the cost side is still supported at high levels. On the whole, the current market cost and export price of diammonium are still high, which provides strong support for diammonium prices. It is expected that the market price of diammonium phosphate will continue to be stable and low in the short term.

Specific market prices in each region are as follows: