Daily Phosphate Fertilizer Review: Tight Monoammonium Phosphate Supply Boosts Prices, Diammonium Phosphate Market Weakens
Monoammonium Phosphate Price Index:
According to Feidoodoo data, on May 15, the domestic mono ammonium phosphate 55% powder index stood stable at 2953.75; the 55% granule index was steady at 3080.00; and the 58% powder index was also stable at 3266.67.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic mono ammonium phosphate market prices remain stable. On the enterprise side, companies have a significant backlog of orders, with most May orders filled and some extendable into June. Supply is tightening, continuing the pause on accepting new orders. On the market side, trading is active and the atmosphere is optimistic, with a strong sentiment pushing for price increases, continuing the trend of a slightly stronger market. In terms of demand, essential downstream purchasing continues, and the need for immediate fertilizer procurement persists. In terms of raw materials, prices for sulfur and phosphate rock remain stable, while synthetic ammonia prices are steadily rising, with costs consolidating at high levels, showing limited change. Overall, the current market atmosphere for monoammonium phosphate is positive, with prices exploring higher levels. Supported by pending orders, firm quotations are expected, and prices are anticipated to continue stabilizing and rising in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data, on May 15, the domestic diammonium phosphate mainstream 64% granule index was stable at 3790.00; the 60% brown index remained steady at 3450.00; while the 57% content index fell to 3422.00.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market prices continue to be mostly stable with slight decreases. On the enterprise side, companies continue to execute pre-received export orders, with only a few pending shipments. Some domestic factory quoted prices were narrowly adjusted downward, with actual transactions mainly negotiated. On the market side, there is an ample supply, running weakly, with spot prices to stations slightly easing, causing an unstable sentiment among traders and a lackluster trading atmosphere. In terms of demand, the market for corn fertilizer continues to decline, with only a few domestic orders, and overall demand follow-up is mediocre. Regarding raw materials, prices for sulfur and phosphate rock remain stable, while synthetic ammonia prices continue to rise, providing strong cost support. Overall, the current diammonium phosphate market is slow to follow up, with poor trading conditions and a gloomy atmosphere, and prices are expected to continue their weak downward trend in the short term.
