Phosphate Fertilizer Daily Review: Companies are ready to support stable prices (September 21)

Monoammonium phosphate price index:

According to Feiduo data, on September 21, the 55% powder index of China's monoammonium phosphate was 3,092.86, 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 remains stable. On the enterprise side, business owners implement pre-received orders and suspend quotations. Some of them can last until the end of this month, and a small number of new orders are still completed. In terms of cost, the price of raw material phosphorus rock has been stable and strong recently, with a slight increase in prices, and costs remain high. On the demand side, market demand is weak, the downstream autumn fertilizer market continues to maintain a small amount of on-demand replenishment, traders tend to purchase rationally, and the overall market continues to maintain a wait-and-see atmosphere. Overall, the atmosphere in the monoammonium market is still flat, and the market price of monoammonium phosphate is expected to remain firm in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 21, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3320, 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 operate smoothly. On the enterprise side, enterprises continue to ship pre-received orders and have sufficient orders to be issued until the middle of next month. Currently, the market supply is tight and there has been no change in enterprise quotations. On the demand side, downstream traders have a cautious mentality, flat enthusiasm for purchasing, and a general trading atmosphere. In terms of exports, international demand is currently performing well and export prices are high. On the whole, companies in the diammonium market can support a sluggish market in a short period of time, and it is expected that the diammonium market price will remain stable.

Specific market prices in each region are as follows: