Recently, urea has been waiting for an opportunity to rebound, with both futures and spot prices rising slightly, but the magnitude is not significant at the moment. The industry believes that the rebound of urea should not be significant at the moment. However, there has been an increase in demand in the market, and some are buying and building warehouses at the bottom, but they have not yet reached the true bottom. The industry's outlook is still strong, and many enterprises and traders are still unwilling to stockpile in large quantities. However, urea factories have recently received some orders and the pressure is not significant, so the price of urea may stabilize. This way, the fertilizer market is expected to start, and downstream confidence in purchasing autumn fertilizers will increase, and the intention to purchase goods will increase. However, the specific situation still needs to be observed for a few more days.

There is hope in the autumn market. Although we cannot see a big dawn yet, the movement of the urea market will also drive the entire market to move. Recently, the market for diammonium is not as weak as that of monoammonium, and the price of diammonium is still relatively strong. Currently, the mainstream ex factory price of 64% diammonium in Hubei is 3700-3750 yuan (ton price, the same below), and some high-end products are priced at 3800 yuan. Transactions are close to the quotation. Yunnan's large factories maintain stable quotations and still need to be matched for sales. Other enterprises in Yunnan have recently supplied a small amount of 64% diammonium to North China, with a first stop quotation of 3850 yuan, an increase of 50 yuan from the previous price. Diammonium enterprises are supplying the domestic market, but 64% diammonium is still limited. So how is the recent market for diammonium? Apart from the recent rebound in urea bringing some confidence, what other factors are there

In fact, we have to talk about recent rumors. There have been restrictions on exports from India recently, as well as news of longer legal inspection times. It is understood that various customs have suspended customs clearance for the export of diammonium to India recently, but whether it will be lifted later still needs to be seen. The extension of legal inspection times in Hubei and other places has long existed, not with the intention of restricting exports. It is reported that Wuhan Customs exceeded its legal inspection load, so the legal inspection time was adjusted to one month in advance. Enterprises have made export arrangements in advance, so the market is mixed with news, and the industry needs to adopt it cautiously.

Although diammonium enterprises have been supplying to the domestic market recently, the quantity is not large at the moment. According to verification, the demand for diammonium in the market is still high. In the early stage, there were reserves in Shandong, Hebei and other places, but not in Henan and other places. Recently, 64% of diammonium sources are not abundant, and downstream demand is high. Although there is not much grassroots procurement at the moment, traders and major distributors have begun to look for and procure goods, otherwise sales may be hindered in the later stage.

The supply of diammonium is still tight. Recently, some enterprises have been producing other differentiated diammonium or switching to other fertilizers. Some raw materials need to be supplied to new energy production. The overall order volume of enterprises is large, and the supply is tight. There is no inventory pressure. However, in order to ensure supply, enterprises will gradually shift their focus back to the domestic market.

The support in terms of raw materials is still strong. The price of imported sulfur has fluctuated slightly, but the overall price is still at a high level, and there is little risk of a significant downward trend in the short term. Currently, the price of granular sulfur in Changjiang Port is around 1160 yuan. This week, the price of Puguang sulfur in Wanzhou Port and Dazhou plant area has slightly increased to 1270 yuan and 1230 yuan respectively. The price of phosphate ore is temporarily stable at a high level, and there may be a slight increase in quotes from some traders.

In summary, some negative rumors have been verified and have not had a significant impact on the market of diammonium. Considering factors such as supply and demand of diammonium and raw material market, the price of diammonium should remain stable, especially for 64% diammonium. Domestic supply is still limited, and export demand is good, so there is little risk of price reduction in the short term.