Phosphate Fertilizer Daily Review: Active Atmosphere in the Upstream Pushes Prices Up, Phosphate Fertilizer Prices Continue to Rise
Monoammonium Phosphate Price Index:
According to Feidoodoo data estimates: On August 16th, the domestic monoammonium phosphate 55% powder index was 2890, showing an increase; the 55% granular index was 2821, showing an increase; the 58% powder index was 3150, showing an increase.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic monoammonium phosphate price continues to rise. Enterprise prices are firm, with a clear intention to maintain prices. Most enterprises are still pausing quotations and orders. Downstream small orders maintain a small amount of on-demand procurement. From the raw material side, the atmosphere for pushing up the price of synthetic ammonia in the upstream is relatively active, which provides some support for the increase in monoammonium phosphate prices. The price of synthetic ammonia is generally at a high level; in addition, the sulfur market continues to rise, and the phosphate rock market has entered an upward trend, with prices fluctuating upwards. Overall, it is expected that the monoammonium phosphate market price will remain high in the short term.
Diammonium Phosphate Price Index:
According to Fertilizer Plus data estimates: On August 16th, the domestic mainstream diammonium phosphate 64% granular index was 3556, stable; the 60% brown index was 3000, stable; the 57% content index was 3050, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market price is stable. At present, many enterprises are cashing in on domestic pre-receipts and exports, and most enterprises are pausing quotations. The international demand for diammonium phosphate is good, and export prices have continued to rise. Positive market factors still dominate. Under the influence of the autumn demand, demand will continue to be released. Overall, it is expected that the diammonium phosphate market price will continue to operate at a high level in the short term.
