Phosphate Fertilizer Daily Review: Market Atmosphere Improves, Phosphate Fertilizer Prices Continue to Rise

Monoammonium Phosphate Price Index:

According to Feidoodoo data: On September 5th, the domestic 55% powdered monoammonium phosphate index was 3121.43, showing an increase; the 55% granular index was 2820, stable; the 58% powdered index was 3333.33, showing an increase.

Today, the domestic monoammonium phosphate market price continues to rise. On the enterprise side, most companies are still executing pre-received orders, with a large volume waiting to be shipped, many have temporarily stopped quoting, and few new orders are being made. On the cost side, the upstream cost support is strong, raw material ore prices continue to rise, providing strong cost support. In terms of the market, there is still a rigid demand in the market, downstream high-price purchasing enthusiasm is general, and a small amount of on-demand low-price purchasing is done. Overall, with strong cost support for monoammonium and support from pre-received orders, the monoammonium phosphate market price is expected to continue to operate at a high level.

Diammonium Phosphate Price Index:

According to Feidoodoo data: On September 5th, the domestic mainstream 64% granular diammonium phosphate index was 3774, stable; the 60% brown index was 3540, stable; the 57% content index was 3445, showing an increase.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market price continues to adjust upwards. In terms of supply, companies have sufficient pending shipments and are still executing previous domestic and export pre-received orders. They are temporarily suspending quotes and orders. Although domestic supplies continue, tradable supplies are limited. In terms of demand, the support for diammonium exports and domestic demand is relatively strong. Currently, it is the peak season for autumn fertilizer preparation, and the downstream continues to purchase on-demand, being cautious about high-priced purchases. Overall, the current diammonium market has favorable cost and demand, and the diammonium price is expected to continue to operate at a high level.