Phosphate Fertilizer Daily Review: Upstream Export Benefits Continue to Drive Phosphate Fertilizer Price Increase
Monoammonium Phosphate Price Index:
According to Feidoodoo data, as of August 14th:
- The domestic 55% powdered monoammonium phosphate index is 2848.57, showing an increase.
- The 55% granular index is 2820.00, remaining stable.
- The 58% powdered index is 3066.67, also stable.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic 55% powdered monoammonium phosphate market price continues its upward trend. Given that many monoammonium enterprises are currently in a state of limited orders or suspension of sales, the market is in a state of high demand with limited supply. Most businesses are focused on pending orders, while downstream continues to maintain minimal essential purchases. Overall, due to the current supply-demand imbalance in the monoammonium market, the price of monoammonium phosphate is expected to continue its slight upward trend in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data, as of August 14th:
- The domestic mainstream 64% granular diammonium phosphate index is 3556, showing an increase.
- The 60% brown index is 3000, remaining stable.
- The 57% content index is 3050, also showing an increase.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market price continues its upward trend, with many businesses adjusting their prices upwards. A reluctance to sell is becoming evident among most enterprises, with many pausing their quotations. Additionally, due to the current low stockpiling by downstream traders, there is still a demand in the market. Coupled with today's slight increase in upstream sulfuric acid prices, this has also promoted a steady adjustment in the diammonium phosphate market price. In summary, influenced by low manufacturer inventory, continued market demand, and the rise in upstream sulfuric acid prices, the diammonium phosphate market price is expected to remain high in the short term.
