Daily review of phosphate fertilizer: The market price of monoammonium is chaotic and the downstream demand for diammonium is large (August 22)

Monoammonium phosphate price index:

According to Feiduo data, on August 22, the 55% powder index of China's monoammonium phosphate was 3,316.25, 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 market price of monoammonium phosphate in China is stable. In terms of enterprises, some companies still hold a small amount to be ready to go, and their factory quotations have not changed. They have a wait-and-see mentality and are firm for a short time, and the actual transaction continues to be negotiated. In terms of the market, the market maintains a small amount of goods, and the overall situation is weak and consolidating. The current purchasing atmosphere is not good, the market trading atmosphere is still weak, and prices are relatively chaotic in the short term. On the demand side, downstream demand continues to be weak, waiting for the purchase of compound fertilizer factories to start. However, most compound fertilizer companies already hold a certain amount of raw materials in stock, and finished product inventories are still at a high level. In addition, the start-up is slowly improving, and the follow-up is limited, and the short-term attitude is mainly based on wait-and-see. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are stable and consolidated, the market price range of synthetic ammonia is consolidated, and the overall cost price is mainly consolidated. Overall, the current trading atmosphere in the monoammonium market is weak, prices remain upside down, and the market will continue to be weak and wait-and-see in the short term. It is expected that the market price of monoammonium phosphate will remain weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 22, the 64% particle index of China's mainstream diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,550.00, stable; 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 is stable and consolidated. On the enterprise side, enterprises have relatively sufficient advance orders. Among the export and domestic sales orders that continue to be executed, they can be issued until mid-September. Construction will remain high, shipments will be mainly active, and quotations will remain stable. In terms of the market, the atmosphere of goods shipment in China has remained average recently. The operators lack confidence. Downstream dealers continue to wait and see. The market is stable and narrow. The current market has a small amount of goods and supply is tight. The market is mainly stable in the short term. In terms of demand, the amount of fertilizer available in the downstream market in autumn is limited, and the gap in demand is still large. However, the current market buying atmosphere is general, and operators maintain a on-demand pick up on demand, with limited follow-up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock were slightly narrowed, the market prices of synthetic ammonia were regional, and raw materials maintained a narrow adjustment. On the whole, the current diammonium companies continue to hold prices on a wait-and-see basis, and the mainstream transaction price has not changed significantly. It is expected that the market price of diammonium phosphate will remain stable at a high level in a short period of time.

Specific market prices in each region are as follows: