Phosphate fertilizer daily review: Market demand weakens and trading atmosphere weakens (September 13)

Monoammonium phosphate price index:

According to Feiduo data, on September 13, the 55% powder index of China's monoammonium phosphate was 3,114.29, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,316.67, 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 currently continue to implement a small number of pre-received orders and suspend quotations, and the trend of new orders is slow. In terms of cost, raw material prices continue to rise, and cost support is strong. In terms of the market, market prices are obviously chaotic, downstream purchases are generally motivated at high prices, and small amounts are purchased on demand at low prices. Overall, although the monoammonium phosphate market is supported by costs, the downstream is resistant to high prices, and most of them are mainly wait-and-see. It is expected that the market price of monoammonium phosphate will maintain a range of fluctuations in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 13, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3210, stable; and the 57% content index was 3,412.5, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to maintain a high level. On the enterprise side, most companies currently honor pre-received orders and suspend quotations. On the upstream and downstream side, upstream traders have increased their enthusiasm for spot shipments, while downstream traders hold a small amount of goods. However, due to the impact of high prices, the market trading atmosphere has weakened, and a small number of new orders have been completed. In terms of cost, the prices of phosphate rock and sulfuric acid at the cost end are currently rising, providing support for the price of diammonium. On the whole, downstream procurement in the diammonium market is currently cautious and the market trading atmosphere is weak. It is expected that the diammonium market price will remain stable and low.

Specific market prices in each region are as follows: