Phosphate Fertilizer Weekly: High cost and price continue, downstream demand persists, market sentiment improves

Phosphate Fertilizer Market Analysis

Phosphate Fertilizer Price Analysis

Monoammonium Phosphate:

According to Feidoodoo data, this week, the average price index of 55% powdered form is 2968.86, up by 91.43 from last week, an increase of 3.18%. The 55% granular form averaged 2820, stable from last week. The 58% powder form averaged 3216.67, up by 86.67, an increase of 2.77%.

This week, the mono ammonium phosphate market price remains high. From the manufacturer's perspective, many businesses have halted quotations and sales, processing previous orders, with most orders scheduled to be dispatched in early September. Upstream costs remain high, while downstream demand for compound fertilizers is on the rise, strengthening bullish market sentiment.

Diammonium Phosphate:

According to Feidoodoo data, this week, the 64% granular form has an average price index of 3705.6, up by 116 from last week, an increase of 3.23%. The 60% brown form is priced at 3224, up by 154, a 5.02% increase. The 57% content form has an average of 3198.5, up by 115.5, a 3.75% increase.

Diammonium phosphate businesses have largely paused in giving quotations this week, with market prices maintaining their high positions. There is a reluctance to sell among traders given the high upstream costs and the ongoing autumn fertilization activities in the country. Export prices are trending upwards, and with high cost-side prices persisting, the market remains bullish.

Forecast: Monoammonium Phosphate:

Given the supportive factors from both upstream and downstream and many pending orders from businesses, the market sentiment remains bullish. The price of monoammonium phosphate is expected to stay high next week.

Diammonium Phosphate:

Due to the high upstream cost and the significant demand from downstream, combined with many businesses still having export orders to fulfill, the diammonium phosphate market is expected to continue its high-price trend next week.

Domestic Phosphate Fertilizer Production Situation

Domestic Monoammonium Phosphate Production Situation:

This week, the domestic mono ammonium phosphate industry operating rate is about 64.3%, up 3.68% from last week and a 33.95% increase year on year.

Domestic Phosphate Fertilizer Weekly Production Trend

Domestic Monoammonium Phosphate Weekly Production Trend:

This week, the production of domestic monoammonium phosphate is about 251,000 tons, a 5.91% increase from last week and a whopping 109.69% increase year on year.

Domestic Diammonium Phosphate Weekly Production Trend:

This week, the production of domestic diammonium phosphate is about 332,000 tons, a decrease of 2.35% from last week but a significant increase of 79.06% year on year.

Domestic Phosphate Fertilizer Port Inventory Trend

Domestic Monoammonium Phosphate Port Inventory Trend:

This week, the main port inventory for the domestic mono ammonium phosphate market is about 38,000 tons, an 8.05% decrease from last week and a 74.56% decrease year on year.

Domestic Diammonium Phosphate Port Inventory Trend:

This week, the primary port inventory for the domestic diammonium phosphate market stands at 168,000 tons, down by 7.23% from last week and a decrease of 53.46% year on year.