Daily review of phosphate fertilizer: Monoammonium demand side, low purchasing enthusiasm, and diammonium just needs a small amount of goods (August 20)

Monoammonium sulfate price index:

According to Feiduo data, on August 20, the 55% powder index of domestic monoammonium phosphate was 3,325.00, stable; the 55% particle index was 3,380.00, stable; and the 58% powder index was 3,616.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate is stable. In terms of enterprises, companies are shrinking, and some still hold small amounts. Market quotations have mostly stabilized, price adjustments have been cautious, and actual transactions continue to be negotiated. In terms of the market, the number of new orders in the market is limited, the trading atmosphere is still weak, the center of gravity has dropped, transactions have been adjusted within a narrow range, and the market trend continues to be weak. The current mentality of traders is unstable and market prices are chaotic. On the demand side, downstream compound fertilizer factories are generally shipping goods, are not enthusiastic about purchasing raw materials, and are not in a hurry to make up orders. Demand purchases continue to be delayed, the overall trading atmosphere is weak, follow-up of new orders is limited, and demand will continue to be weak in the short term. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated slightly, the trading atmosphere in the synthetic ammonia market was poor, the prices were slightly adjusted, and the overall cost fluctuated. On the whole, the current number of new orders in the monoammonium market is limited, and the enthusiasm for purchasing on the demand side is low. It is difficult to boost the market in the short term. It is expected that the market price of monoammonium phosphate will remain weak and lowered in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 20, the 64% particle index of the mainstream domestic diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,470.00, falling.

Diammonium phosphate market analysis and forecast:

The domestic market price of diammonium phosphate dropped slightly today. On the enterprise side, the enterprise continues to execute export and domestic sales orders, with sufficient orders to be issued, and the factory quotation has not been adjusted yet. It maintains a stable price for shipment and has a firm attitude towards prices. In terms of the market, the market situation is still flat, the trading atmosphere is not good, the market is temporarily stable and consolidated, and the mentality of operators is mainly wait-and-see. On the demand side, domestic demand is flat, downstream needs still exist, wait-and-see attitude remains unabated, and a small amount of on-demand follow-up is maintained. The overall autumn fertilizer gap still exists, and later deposits follow up expectations. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been consolidated at high levels, and the market price of synthetic ammonia has dropped at high levels. Costs continue to support them, with limited changes. On the whole, the current diammonium market is still in demand in the later period. Although the current cargo atmosphere is general, it is expected that the market price of diammonium phosphate will continue to remain high in the short term under the support of companies.

Specific market prices in each region are as follows: