Phosphate Fertilizer Daily Review: Strong Cost Support, Phosphate Fertilizer Market Continues at High Levels

Monoammonium Phosphate Price Index:
According to Feidoodoo data: On September 6th, the domestic 55% powdered monoammonium phosphate index was 3121.43, stable; the 55% granular index was 2820, stable; the 58% powdered index was 3333.33, stable.

Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic monoammonium phosphate market price continues to maintain high levels. On the enterprise side, companies are still taking limited orders, with a few at high prices. New order volumes are small, but there was a significant amount of pre-orders, so companies have ample stock to dispatch. In terms of cost, the upstream cost end is strongly supported, with raw ore prices continuing to rise, providing strong cost support. In the market, the domestic compound fertilizer market is adjusting at high levels, with prices running firmly. Most compound fertilizer companies have previously sourced at lower prices, with prices slightly lower than the current monoammonium phosphate factory price. Overall, with strong cost support for monoammonium phosphate, the monoammonium phosphate market price is expected to continue to maintain high levels of operation.

Diammonium Phosphate Price Index:
According to Feidoodoo data: On September 6th, the domestic mainstream 64% granular diammonium phosphate index was 3774, stable; the 60% brown index was 3450, declining; the 57% content index was 3445, stable.

Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market price continues to operate at high levels. The 60% brown enterprise quote has slightly adjusted, but the overall price remains high. In terms of supply, companies have ample stock to dispatch, and are still executing previous domestic and export pre-orders, currently pausing quotes and order-taking. In terms of demand, it's currently the peak season for autumn fertilizer preparation, with domestic supplies continuously tight and limited tradable supplies. The domestic diammonium phosphate market focus continues to lean towards the high end, and the downstream market is cautious about high-priced purchases, with a small amount of essential restocking. Overall, the current diammonium phosphate market is dominated by cost advantages, and the diammonium phosphate market price is expected to continue to maintain high levels of operation.