Daily review of phosphate fertilizer: The downstream gap of monoammonium is limited and the demand gap for diammonium still exists (September 2)

Monoammonium phosphate price index:

According to Feiduo data, on September 2, 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. On the enterprise side, new orders have been relatively weak, start-up has declined, low-end prices of enterprises continue to emerge, market prices and factory prices have been seriously inverted, company shipments are not smooth, inventory pressure appears, and equipment start-up load will continue to decline. In terms of the market, market transaction prices were chaotic, and the market trend continued to be sluggish. Under the influence of the light trading atmosphere, traders and small factories were frustrated. They continued to cut prices and attract orders, and the focus of market transactions gradually dropped. On the demand side, demand for fertilizers in autumn continues to be weak. Large factories already hold 60%-70% of raw materials in stock. The downstream gap is limited, and the main focus is to wait and see. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are mainly consolidating, the market price of synthetic ammonia is stable and exploring, and the price on the cost side is fluctuating and consolidated. Overall, the current upstream monoammonium market remains volatile, and the downstream is mainly in need of procurement. It is expected that the market price of monoammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 2, 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. On the enterprise side, enterprises continue to implement advance and export orders in the autumn, with sufficient orders to be issued. The mentality of upstream traders is firm, factory prices have not changed, market fluctuations are limited, and a small number of actual orders have been delivered. In terms of the market, the market is slowly advancing in the autumn, and the market is temporarily stable and wait-and-see, with no significant changes. The current market supply flow is unstable, and 64% of the supply is still tight. In terms of demand, goods in the autumn market are generally available, downstream procurement enthusiasm is not good, and wait-and-see attitude remains unabated. There is still a large gap in demand just now, and follow-up expectations are expected in the later period. In terms of raw materials, the market price range of raw materials sulfur and phosphate rock fluctuates, the market price range of synthetic ammonia is narrow, and the overall cost support is strong. On the whole, diammonium phosphate companies are currently on standby and cost support, but they are still in need in the autumn. It is expected that the market price of diammonium phosphate will not change much in the short term and will consolidate at a high level.

Specific market prices in each region are as follows: