Phosphate Fertilizer Daily Review: Companies Suspend Quotations, Awaiting Dispatch Dominates

Monoammonium Phosphate Price Index:

According to the data from "FeiDooDoo", on August 24th, the domestic 55% powdered monoammonium phosphate index stands at 2985.71, showing an increase; the 55% granular index is at 2820, stable; and the 58% powdered index remains stable at 3216.67.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic price of monoammonium phosphate saw a slight increase. On the company side, most companies are currently in the process of suspending quotations and order receptions, mainly dispatching pre-received orders. Traders are cashing in their profits, companies are eager to ship, and the price remains high. In terms of the market, there is still demand for monoammonium, the raw material cost remains strong, downstream purchasing is active, and the market atmosphere is optimistic. Overall, there is still room for demand in the monoammonium market, and the price of monoammonium phosphate is expected to remain high.

Diammonium Phosphate Price Index:

According to the data from "Fei Duo Duo" on August 24th, the mainstream 64% granular diammonium phosphate index stands at 3722, stable; the 60% brown index is at 3200, showing a decline; and the 57% content index remains stable at 3215.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic price of diammonium phosphate saw a slight decrease, influenced by consecutive price increases in previous days, causing some company's prices to reach high levels. On the company side, most companies have not yet quoted, executing pre-received orders. Production enthusiasm has increased, and operations remain at a high level. In terms of the market, the current market supply is relatively limited, leading to tight supply and high prices. In summary, the diammonium market is currently in a state of supply-demand imbalance, and the price of diammonium phosphate is expected to continue to remain high.