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Daily review of phosphate fertilizer: Raw material ends remain high, phosphate fertilizer prices continue to increase (August 10)

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August 10, 2023, 4:23 PM

Monoammonium phosphate price index:

According to Feiduo data, on August 10, China's 55% powder index of monoammonium phosphate was 2,837.14, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,066.67, rising.

 

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to maintain an upward trend. The price of raw materials remains high, and the support given to the market from the cost side still exists. In addition, manufacturers still continue to receive limited orders or stop sales. Therefore, the current market supply is relatively tight., downstream continues to maintain a small amount of just-needed purchases. In addition, supported by pending orders, the overall market has a strong upward atmosphere, and the market price of monoammonium phosphate is expected to continue to rise in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on August 10, the 64% particle index of China's mainstream diammonium phosphate was 3496, rising; the 60% brown index was 3000, rising; and the 57% content index was 2910, rising.

 

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is firm, and the overall market price is rising. Traders are more reluctant to sell. Companies often suspend quotations, and the market quotations decrease accordingly. It is difficult to find sources of diammonium in the market. In addition, downstream traders are currently preparing a small amount of fertilizer, so they are still in need in the future. On the whole, due to the small amount of manufacturers 'inventories and the still existing demand in the future, the market price of diammonium phosphate is expected to remain high in the short term.

Specific market prices in each region are as follows: