Phosphate Fertilizer Daily Report on July 20: Ammonium Phosphate Market Remains Stable, Slow Progress in Autumn Fertilizer Preparation

June 12, 2024, 9:21 AM

Deidoodoo

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Highlights at a glance

The ammonium phosphate market remains largely stable as of July 20, with slight regional variations. The 55% powdered ammonium phosphate price index rose to 2517.50, driven by a 50 RMB/ton increase in Jiangsu, while granular and higher-grade powdered variants held steady. Domestic demand is gradually improving due to autumn fertilizer preparations, and factory operating rates have surpassed 50% with ample supply. Raw materials like synthetic ammonia and sulfur remain firm, supporting production costs. In contrast, the ammonium dihydrogen phosphate market shows weakness despite stable price indices for 64% and 60% grades. Hubei’s 64% granular product dropped to 3150 RMB/ton amid limited post-season demand and cautious sentiment. Production continues at steady levels primarily for export commitments. With weak downstream demand and lackluster raw material support, the outlook for ammonium dihydrogen phosphate is bearish, suggesting limited upside in the near term.

Ammonium Phosphate Price Index:

According to Feidoodoo's data calculation, on July 20, the domestic price index for 55% powdered ammonium phosphate was 2517.50, showing an increase; the index for 55% granular ammonium phosphate was 2825.00, remaining stable; the index for 58% powdered ammonium phosphate was 2913.33, remaining stable.

Ammonium Phosphate Market Analysis and Forecast:

Today, the domestic ammonium phosphate market remains stable, with no significant fluctuations in quotations across various regions, except for a 50 RMB/ton increase to 2500-2600 RMB/ton in the 55% powdered ammonium phosphate price in Jiangsu region. In terms of demand, the downstream market for autumn fertilizer preparation continues to warm up. Regarding supply, factories have ample stocks recently, and the operating rate has increased significantly to over 50%. As for raw materials, the synthetic ammonia and sulfur markets are firm and temporarily stable, providing support for costs. Overall, it is expected that the ammonium phosphate market will remain strong in the short term.

Specific market prices in various regions are as follows:

Ammonium Dihydrogen Phosphate Price Index:

According to Fei Duo Duo's data calculation, on July 20, the mainstream price index for 64% granular ammonium dihydrogen phosphate in the domestic market was 3466.67, remaining stable; the index for 60% brown color was 2900.00, remaining stable; the index for 57% content was 2620, showing an increase.

Ammonium Dihydrogen Phosphate Market Analysis and Forecast:

Today, the mainstream quotations for domestic ammonium dihydrogen phosphate are basically stable, with sporadic declines in some areas. Among them, the price for 64% granular ammonium dihydrogen phosphate in Hubei has decreased significantly, reaching as low as 3150 RMB/ton. Market sentiment is cautious, as after the previous round of fertilizer preparation, the current demand for ammonium dihydrogen phosphate is very limited. Enterprises continue production to ensure exports and fulfill pre-received orders, with little change in operating rates. The outlook is bearish, considering the negative factors of raw material support and demand. Overall, it is challenging to see positive developments in the short term for the ammonium dihydrogen phosphate market, and the market continues to maintain prices while observing sporadic declines in some regions.

The specific market prices in each region are as follows: