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

Phosphate Fertilizer Daily Review: Domestic sales follow up a small amount of limited on-site trading atmosphere is dull (July 30)

99,340
July 30, 2024, 4:25 PM

Monoammonium phosphate price index:

According to Feiduo data, on July 30, the 55% powder index of domestic monoammonium phosphate was 3,345.00, down; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,633.33, stable.

image.png

Monoammonium phosphate market analysis and forecast:

Today, the domestic market price of monoammonium phosphate stabilized and fell slightly. On the enterprise side, enterprises continue to implement the main tasks, and their quotations remain stable. Some intend to increase their quotations. Some major manufacturers introduce new prices and receive a small number of orders. In terms of the market, the market trading atmosphere is still general, the market is consolidating, and there is little room for short-term changes. On the demand side, the follow-up situation of downstream autumn fertilizer replenishment is average, compound fertilizer factories have a wait-and-see purchasing mentality, and their enthusiasm for follow-up on raw materials is average. New orders are limited, and replenishment is mainly needed. In terms of raw materials, the prices of raw materials phosphate rock and sulfur continued to be consolidated at a high level, and the market price of synthetic ammonia fell sharply. Overall raw material support still exists, mainly strong in the short term. On the whole, the current market cost of monoammonium and its preparation will continue to support it. Some downstream purchases are expected. In the short term, the market will still be mainly replenished. It is expected that the market price of monoammonium phosphate will continue to remain stable in the short term.

Specific market prices in each region are as follows:

image.png

Diammonium phosphate price index:

According to Feiduo data, on July 30, the 64% particle index of the mainstream domestic diammonium phosphate was 3,808.33, stable; the 60% brown index was 3,480.00, stable; and the 57% content index was 3,475.00, rising.

image.png

Diammonium phosphate market analysis and forecast:

Today, the domestic market price of diammonium phosphate has increased steadily and moderately. In terms of enterprise, enterpriseThe quotation continues to remain stable. With the support of waiting, the mentality is firm and the price adjustment mentality is more wait and see.。In terms of market,The market continues to operate steadily, and the trading atmosphere for new orders is slightly dull. The market has a small amount of goods, limited supply, and slow pace of goods delivery. Companies intend to raise prices。On the demand side,There are still some pre-stocked downstream. Currently, the enthusiasm for replenishing new orders is not good, and the willingness to follow up is low. The trading atmosphere is temporarily weak, and domestic demand is still advancing slowly.。In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remain high. The supply-demand relationship in the synthetic ammonia market is weak, and prices are falling, but overall cost support still exists. On the whole, there is still support for diammonium companies to go ahead, domestic demand is weak, and the market atmosphere is flat. It is expected that the market price of diammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows:

image.png