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According to customs data, China's exports of diammonium phosphate continued to grow month on month in June, with a total export volume of 928800 tons, an increase of 79.73% month on month and a year-on-year increase of 370.99%; The total export volume of diammonium phosphate in China from January to June was 2.41 million tons, an increase of approximately 85.38% compared to 1.3 million tons in the same period of 2022. From the perspective of export registration location, the export of diammonium phosphate in June was mainly concentrated in Yunnan Province, Hubei Province, Guizhou Province, and other regions, with the total export volume from these provinces accounting for 92.16% of the total export volume in June.
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From the perspective of major export countries, this month's main export countries include India, Thailand, Bangladesh, Vietnam, Japan, Indonesia, and other countries. India remains the country with the largest import demand at present. The export volume to India this month was 664300 tons, accounting for 71% of the total export volume of that month; The export volume to Thailand is 61000 tons, accounting for 7% of the total export volume of that month; The export volume to Bangladesh is 40000 tons, accounting for 4% of the total export volume of that month; The export volume to Vietnam is 39500 tons, accounting for 4% of the total export volume of that month; The export volume to Japan was 36100 tons, accounting for 4% of the total export volume of that month.
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As of June 2023, the total inventory of diammonium phosphate in India exceeded 4 million tons, an increase of 71.68% compared to the same period in 2022. The total import volume of India from January to June was 3.35 million tons, a year-on-year increase of 44%. Among them, the import volume in June reached 1.04 million tons, a year-on-year increase of 283.76%. The main reason is that June to July is the peak period of domestic consumption in India. As of July, India's planned import volume is over 700000 tons, and July is still the peak supply season for global suppliers of diammonium phosphate.
In summary, the international demand performance in July was decent, and the domestic autumn market demand has also started initially. The domestic production of ammonium bicarbonate has remained high, and the supply is slightly tight. At present, international prices are low and at a peak of demand. It is expected that the export volume of ammonium chloride in July will be lower than that in June, but the export volume is still considerable. After August, international demand needs to pay attention to the specific bidding situation in Bangladesh.
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
