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

Phosphate fertilizer daily review: The market continues to be stable and supported by raw material prices (June 27)

107,317
June 27, 2024, 3:23 PM

Monoammonium phosphate price index:

According to Feiduo data, on June 27, the 55% powder index of domestic monoammonium phosphate was 3,281.25, stable; the 55% particle index was 3,300.00, stable; and the 58% powder index was 3,533.33, stable.

image.png

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate continues to remain stable. On the enterprise side, the enterprise is ready to continue to support it. In the continuous execution of advance orders, it is still placing more orders in limited quantities. The enterprise has a small amount of inventory, which is good for support. The factory quotation is temporarily stable and the mentality is strong. In terms of the market, the market trading atmosphere is general, the follow-up of new orders is slowing down, and the mentality of operators is mainly wait-and-see. The current market continues to consolidate and operate steadily. In terms of demand, domestic sales are in the off-season, downstream demand continues to be slowly followed up, and the purchasing atmosphere is weak. Most purchases are followed up in small quantities based on their own circumstances. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are high and stable, the market prices of synthetic ammonia are stable and rising, and raw material prices continue to support them. On the whole, under the support of companies in the monoammonium market and the mentality of holding prices, prices tend to rise but not fall, and they are mostly stable and consolidated. It is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate 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 27, the 64% particle index of the mainstream domestic diammonium phosphate was 3,773.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,460.00, stable.

image.png

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate continued to hold stable. In terms of enterprises, enterprises have sufficient orders to prepare, and export orders and a small number of domestic sales orders can be executed for about a month. The current quotation is temporarily stable and the mentality is positive. In terms of the market, the transaction atmosphere in the international market continues to improve, boosting the mentality of domestic industry operators. Currently, domestic sales are still light. Supported by international demand and positive support, domestic market prices are firm, industry operators are optimistic, and the market for diammonium is operating steadily. On the demand side, domestic autumn fertilizer preparation continues to be slowly followed up. On the contrary, the international market has strong demand and its performance continues to improve, boosting the domestic market simultaneously. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are supported by high levels. The synthetic ammonia market is affected by equipment fluctuations, and prices are mixed. The overall cost price support remains strong. On the whole, the current diammonium market is still operating at a high level and firm supported by pending orders at home and abroad and raw material prices. It is expected that the market price of diammonium phosphate will continue to remain high and stable in the short term.

Specific market prices in each region are as follows:

image.png