Phosphate Fertilizer Daily Review: Strong cost support, prices are easy to rise but not fall (September 11)

Monoammonium phosphate price index:

According to Feiduo data, on September 11, the 55% powder index of China's monoammonium phosphate was 3,121.43, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,333.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to maintain a high level. In terms of enterprises, most companies still implement more orders received in advance in advance, with a large amount of pending orders, often suspend quotations, and a small number of new orders are completed. In terms of cost, raw material prices continue to rise, with strong support from the cost side, and monoammonium prices tend to rise but not fall. In terms of the market, there are still market needs, downstream purchases at high prices are generally motivated, and a small amount of on-demand purchases are purchased at low prices. Overall, the overall positive trend of the monoammonium market is dominant, and the market price of monoammonium phosphate is expected to continue to remain high.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 11, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3350, down; and the 57% content index was 3442, down.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China corrected slightly today. In terms of supply, the arrival volume in the autumn market increased, the advance orders of enterprises in the early stage sank rapidly, the enthusiasm of enterprises for shipment increased, and the actual transaction was negotiated on a single basis. On the demand side, as the fertilizer preparation time shortens in autumn, the market just needs to continue to follow up, and market demand still exists. On the upstream and downstream side, upstream traders are more enthusiastic about spot shipments, while downstream traders are affected by the news of urea exports, and some purchasing mentality is cautious. Overall, the current arrival volume of diammonium in the market has increased, and the market price of diammonium is expected to remain stable and low.

Specific market prices in each region are as follows: