Phosphate Fertilizer Daily Review: The follow-up on demand for poor market orders continues to be delayed (August 21)

Monoammonium phosphate price index:

According to Feiduo data, on August 21, the 55% powder index of China's monoammonium phosphate was 3,316.25, down; 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:

The market price of monoammonium phosphate in China fell slightly today. In terms of enterprises, some enterprises are still waiting for the shipment, but the shipment pressure continues to increase. There is no clear quotation, and most of them continue to be stable, with actual transaction negotiations being the main focus. In terms of the market, the follow-up situation of new orders is still poor, the market trend is weak, the overall trading atmosphere is sluggish and unchanged, and market prices continue to be upside down, and the situation is weak and consolidating for a short period of time. On the demand side, the demand side has not yet been followed up on a large scale, and the use of fertilizers continues to be postponed. Downstream compound fertilizer factories are generally delivering goods and have low enthusiasm to get goods. The sinking speed of finished products is slow, and the intention to make up monoammonium has mostly become dull. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been temporarily stabilized, the market prices of synthetic ammonia have been stable, and the overall cost fluctuations have been limited. On the whole, the current purchasing atmosphere in the monoammonium market is still sluggish, demand follow-up has not yet begun, and market transactions continue to be flat. It is expected that the market price of monoammonium phosphate will remain stable and moderately weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 21, the 64% particle index of China's mainstream diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,550.00, rising; and the 57% content index was 3,470.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China increased slightly. On the corporate side, corporate quotations are still firm, with sufficient waiting lists, and strong willingness to support prices. Individual quotations are steadily adjusted, and actual transactions remain a single negotiation. In terms of the market, the mainstream market has a poor atmosphere for fat goods in autumn. The market is temporarily stable and the trading atmosphere is flat. The current supply of high-content goods in the market is tight, which will provide good support in the short term. On the demand side, the overall downstream stock volume is insufficient, and the supply is still in demand, and the supply of goods held is limited. However, most of the wheat fertilizers in autumn are mainly in need of follow-up. The demand side performance is average, and the domestic sales performance is weak. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock operated smoothly, the market prices of synthetic ammonia were adjusted regionally with little change, and the cost was adjusted within a narrow range. On the whole, the current cargo atmosphere in the diammonium market is general, but downstream demand is still vacant. Under the tight supply of some sources, it is expected that the market price of diammonium phosphate will continue to be high in the short term.

Specific market prices in each region are as follows: