< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Phosphate Fertilizer Daily Review: Companies are ready to continue to support the consolidation of market conditions (June 18)

130
June 18, 2024, 4:11 PM

Monoammonium phosphate price index:

According to Feiduo data, on June 18, the 55% powder index of China's monoammonium phosphate was 3,262.50, stable; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,466.67, stable.

image.png

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of enterprises, there are a large number of companies to issue orders, and most of them can be implemented until next month. The quotations are stable and no new prices have yet been made. The current mentality is relatively strong and they are receiving orders in limited quantities. In terms of the market, the start-up of enterprise installations has increased, and the supply of the industry has increased. The current market trading atmosphere is general, the market has maintained a stable operation, the mentality of the operators is relatively strong, and the market is consolidating. On the demand side, agricultural fertilizer in summer is over, and small quantities of stocks in autumn are limited; the start-up load of downstream factories and equipment has declined, and the procurement of raw materials has been limited, and small quantities of goods have been maintained on demand, and the overall atmosphere for follow-up new orders has dropped slightly. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained stable and rising, the market price of synthetic ammonia continued to decline, and the cost side supported fluctuations. On the whole, the current monoammonium factory is carrying out more operations, has a firm attitude towards prices, and has stable quotations. It is expected that the market price of monoammonium phosphate will continue to fluctuate within a narrow range in a short period of time.

Specific market prices in each region are as follows:

image.png

Diammonium phosphate price index:

According to Feiduo data, on June 18, the 64% particle index of China's mainstream diammonium phosphate was 3,773.33, stable; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,460.00, stable.

image.png

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and moderate. In terms of enterprises, enterprises mainly implement export advance receipts, and continue to support them. They suspend quotations and collections, and focus on actual transaction negotiations. A few enterprises rotate equipment maintenance, and the start of construction has declined within a narrow range. In terms of the market, driven by positive factors such as positive exports, the Chinese market is consolidating and waiting, the market is temporarily stable, and the market remains consolidating in the short term. On the demand side, domestic sales are in the off-season, downstream purchasing intentions are weak, demand follow-up is limited, and temporary stability is the main focus, and demand performance is weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have stabilized, the market price of synthetic ammonia has continued to decline, and the cost price has been consolidated at a high level. On the whole, the current export market for diammonium is improving, with industry purchasing mainly on the wait-and-see basis, and company quotations are stable and consolidated. It is expected that the market price of diammonium phosphate will continue to be stable and low in the short term.

Specific market prices in each region are as follows:

image.png