Daily review of phosphate fertilizer: The market for monoammonium is weak and diammonium is mainly stable (August 28)

Monoammonium phosphate price index:

According to Feiduo data, on August 28, the 55% powder index of China's monoammonium phosphate was 3,285.00, stable; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,583.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of enterprises, enterprises are mainly executing. Although the prices of most major factories have not changed significantly at present, under the circumstances of self-raising of social inventories and serious inversion of ex-factory prices of enterprises, quotations are expected to decline, and actual orders are rare in the market, and transactions are maintained on a single basis. In terms of the market, the market trend is weak, the trading atmosphere is still weak, there is insufficient follow-up on new orders, low-end prices in the market continue to appear, prices by traders and small factories are low, and the overall market price is chaotic. On the demand side, the atmosphere for downstream autumn fertilizer shipment is not good, and demand is sluggish. Compound fertilizer factories have only average shipments, and there is little intention to make up for raw materials, so they maintain on-demand picking. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continue to consolidate, the market price of synthetic ammonia rises, and cost support remains strong. Overall, the current market for monoammonium is weak, and market follow-up is limited. It is expected that the market price of monoammonium phosphate will continue to weaken and decline in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 28, 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 continues to remain stable. In terms of enterprises, enterprises have sufficient advance orders and are mainly waiting for orders. The current ex-factory price continues to be stable with no significant change. There is no inventory and sales pressure, and a small number of transaction prices remain high. In terms of the market, the market is generally trading in the autumn, the market is stable and consolidating, and prices continue to stabilize temporarily. The current high market content is still tightening. Although the market transaction atmosphere is average, the players are optimistic and the market has no significant change. In terms of demand, the market is still in need in the autumn, and the downstream is just in need of stock in a small amount. There is a large gap in the later period, so the stock is up to expectations. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are firm, the market price of synthetic ammonia is high, and the cost range is slightly higher. On the whole, the current supply of diammonium in the autumn market remains in a tight balance, with a small amount of downstream raw materials in stock and still available in the future. It is expected that the diammonium phosphate market will continue to maintain a high and stable price trend in the short term.

Specific market prices in each region are as follows: