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Phosphate fertilizer daily review: The trend of monoammonium market is improving and the diammonium market is consolidating (May 9)

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May 9, 2024, 4:46 PM

Monoammonium phosphate price index:

According to Feiduo data, on May 9, the 55% powder index of China's monoammonium phosphate was 2,903.75, rising; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,250.00, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has stabilized and increased slightly. In terms of enterprises, the order receiving situation of enterprises has been relatively good recently. The volume of orders received has increased, supply has continued to tighten, and shipments have tightened. Some enterprises have suspended receiving orders and suspending quotations, and their mentality has improved under the support of waiting. In terms of the market, the market trading atmosphere is improving. The current low-end supply is gradually shrinking, and the focus of market transactions has shifted slightly. On the demand side, downstream compound fertilizer companies have followed up on their raw material needs, and their enthusiasm for making up orders is still good, but most of them need to follow up on purchases. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have remained stable, the market prices of synthetic ammonia have continued to rise steadily, and the prices of raw materials have risen steadily. On the whole, the current monoammonium market is ready and costs continue to support it. The market atmosphere has begun to improve recently. It is expected that the market price of monoammonium phosphate will remain stable and fluctuate slightly in a short period of time.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on May 9, the 64% particle index of China's mainstream diammonium phosphate was 3,828.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,465.00, stable.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, while the enterprise continues to execute export and domestic sales orders, the ex-factory price has not been adjusted yet, the quotation is stable, and the actual transaction is mainly negotiated. In terms of the market, as market supplies continue to arrive, market supplies gradually increase, inventories increase, export transaction prices fall within a narrow range, prices are upside down with China's ex-factory prices, and market conditions are temporarily stable and wait and see. On the demand side, the demand for corn manure is being followed up in a small amount, and the domestic demand is sluggish. On the demand side, the overall trading atmosphere is general. Just in need of replenishment, and the mentality is mainly cautious and wait-and-see. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained high and consolidated, the price of synthetic ammonia was rising, and costs continued to grow steadily. On the whole, the current market cost of diammonium continues to rise, market demand is running flat, and corporate quotations remain at the previous level. It is expected that the market price of diammonium phosphate will continue to remain stable and wait and see in the short term.

Specific market prices in each region are as follows: