Daily review of phosphate fertilizer: Low-priced sources of monoammonium continue to emerge and diammonium is still in demand downstream (September 3)

Monoammonium phosphate price index:

According to Feiduo data, on September 3, the 55% powder index of China's monoammonium phosphate was 3,256.25, 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 continues to remain stable. In terms of enterprises, some enterprises still hold a small amount for shipment, and a small amount of enterprise goods are reserved for their own use. There is no sales pressure. The factory quotations are firm and sorted out, and the actual transaction continues to be negotiated. In terms of the market, the market is weak and downward, the focus of transactions continues to fall, the market is weak and difficult to change, low-priced goods continue to appear in the market, and the market is weak and difficult to change in the short term. In terms of demand, downstream traders are mainly in need of purchasing, while compound fertilizer factories are weak in follow-up demand. They are mainly digesting early inventories. The enthusiasm for replenishing raw materials is still not high, and goods delivery needs to be improved. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are mainly volatile, while the synthetic ammonia market is operating within a narrow range, and the cost-based price range is consolidated. On the whole, the current downstream demand for monoammonium is sluggish, but the company's quotations have temporarily stabilized under the support of autumn and costs. It is expected that the market price of monoammonium phosphate will continue to be stable and weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 3, 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 3,452.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and declining. On the enterprise side, the enterprise is supported by the launch and cost, and its quotation has not changed yet and is temporarily stable. The actual transaction is still dominated by negotiations, and the mentality is strong. In terms of the market, the market is consolidating within a stable and narrow range, and the transaction atmosphere remains weak. In the autumn, the market is stable and volatile, and the overall cargo atmosphere is poor. On the demand side, since the beginning of this month, the downstream delivery time has been shortened, and some cargo holders have increased their willingness to ship. However, the demand of downstream traders continues to follow up on just needs. The enthusiasm for preparing a large number of goods is poor, the enthusiasm for purchasing is average, and the trading atmosphere is flat. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated, and the market price of synthetic ammonia weakened and fell, but cost support still exists. On the whole, diammonium phosphate companies are currently ready to go in the autumn. Although downstream replenishment is not willing to do so, they still have just needed it. It is expected that the diammonium phosphate market will continue to operate steadily and in a short period of time.

Specific market prices in each region are as follows: