Diammonium Phosphate Daily Review: Strong Cost Support, Prices Stabilize at High Levels
Monoammonium Phosphate Price Index:
According to data from Feidoodoo: On August 31, the domestic index for 55% powdered monoammonium phosphate was 3071.43, showing an increase; the index for 55% granular was 2820, stable; and the index for 58% powdered was 3266.67, showing an increase.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic monoammonium phosphate market continues its upward trend. From the enterprise perspective, currently, factories have ample stocks waiting for shipment, with most orders extendable to mid-late September. Some companies are still in a state of suspended quotations and order acceptance, resulting in fewer new orders. In terms of costs, strong support is coming from the upstream side, with raw material ore prices being adjusted upward, increasing cost pressures, which underpins the high-level operation of monoammonium phosphate prices. In general, supported by ample stocks and strong demand, the market's transaction focus continues to rise, and the price of monoammonium phosphate is expected to remain high.
Diammonium Phosphate Price Index:
According to data from Fertilizer Plus: On August 31, the domestic mainstream index for 64% granular diammonium phosphate was 3724, stable; the index for 60% brown was 3510, showing an increase; and the index for 57% content was 3212.5, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market prices remain at high levels. From the enterprise perspective, many companies are still fulfilling previous pre-received orders, with limited stock and scarce supplies. Spot quotations continue to rise, and actual transactions are negotiated on a case-by-case basis. In terms of demand, the current diammonium phosphate market is in high demand, with a tight supply in the market and demand exceeding supply. As for the market, current market deliveries are slow, and downstream purchasing is primarily driven by immediate needs, resulting in tight market supply and rising prices. Overall, the diammonium phosphate market is expected to continue its high-level operation due to the tight supply of goods in the autumn.
