Phosphate Fertilizer Daily Review: The market trading atmosphere is weak and the downstream is more wait-and-see attitude (September 12)

Monoammonium phosphate price index:

According to Feiduo data, on September 12, the 55% powder index of China's monoammonium phosphate was 3,114.29, down; the 55% particle index was 2820, stable; and the 58% powder index was 3,316.67, down.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China dropped slightly today. In terms of enterprises, most companies currently continue to implement pre-received orders, suspend quotations, and deal a small number of new orders. In terms of cost, raw material sulfur prices continued to rise in a narrow range, with strong support from the cost side. In terms of the market, a small number of downstream purchases just need to be replenished, the enthusiasm for purchasing new orders is average, the market trading atmosphere is weak, and downstream purchases mostly adopt a wait-and-see attitude. On the whole, although the monoammonium market is supported by cost, the downstream is reluctant to see high prices. It is expected that the market price of monoammonium phosphate will maintain a range of fluctuations.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 12, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3210, down; and the 57% content index was 3,412.5, down.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China continued to decline slightly today. In terms of enterprises, most companies are currently honoring their pre-received orders and suspending their quotations. In the autumn, supplies are arriving one after another. The pre-orders are sinking rapidly, and a small number of new orders have been completed. In terms of the market, upstream traders have increased their enthusiasm for spot shipments, and downstream traders have been affected by the news of urea exports, and some downstream traders just need to follow up cautiously. On the whole, at present, the downstream diammonium market needs to purchase cautiously, and the downstream purchases small amounts at high prices. It is expected that the market price of diammonium will remain stable and low.

Specific market prices in each region are as follows: