Daily Phosphate Fertilizer Review: Monoammonium Phosphate Continues Strong Sales While Diammonium Phosphate Shows Weakness
Monoammonium Phosphate Price Index:
According to Fertifan data: On May 14, the domestic monoammonium phosphate 55% powder index stood at 2953.75, showing an increase; the 55% granule index rose to 3080.00; the 58% powder index remained stable at 3266.67.
Monoammonium Phosphate Market Analysis and Forecast:
Today, domestic mono ammonium phosphate market prices continued to rise. On the enterprise side, businesses have a large volume of pending shipments, and many have temporarily stopped accepting new orders and paused quoting, with pending orders underpinning firm and stable prices. Market-wise, sales are robust, with transaction focal points moving upward and a strong atmosphere of pushing prices higher, driven by demand and a bullish sentiment among traders. On the demand side, downstream compound fertilizer companies continue to make purchases, and the demand outlook remains positive. Regarding raw materials, the prices of sulfur and phosphate rock remain firm, while the synthetic ammonia market continues to see narrow upward adjustments, pushing raw material prices higher. Overall, with strong support from pending shipments and continued purchasing by downstream buyers, mono ammonium phosphate market prices are expected to remain stable with slight upward adjustments in the short term.
Diammonium Phosphate Price Index:
According to Fertifan data: On May 14, the domestic diammonium phosphate mainstream 64% granule index stood at 3790.00, marking a decline; the 60% brown index was stable at 3450.00; the 57% content index remained steady at 3425.00.
Diammonium Phosphate Market Analysis and Forecast:
Today, domestic diammonium phosphate market prices continued to adjust slightly downward within a stable range. On the enterprise side, new orders are not being received well, with some companies lowering their factory quotes, resulting in average trading and transactions negotiated on a case-by-case basis. Market-wise, international diammonium phosphate prices are lower than domestic, leading to a continuation of the weak downward trend, with transaction focal points moving downward and a general atmosphere of weak sales. On the demand side, demand for corn fertilizer has waned, with agricultural market conditions declining and minimal agricultural demand; industrial essential replenishment orders continue without much follow-through, showing overall weak demand. In terms of raw materials, the prices of sulfur and phosphate rock remain stable, while the synthetic ammonia market prices are high, providing cost-side support. Overall, with weak domestic demand and declining international prices putting pressure on shipments, the diammonium phosphate market prices are expected to continue their weak and stable downward adjustment in the short term.
