Phosphate fertilizer daily review: Autumn demand is gradually ending and the market is temporarily in a wait-and-see state (October 7)

Monoammonium phosphate price index:

According to Feiduo data, on October 7, the 55% powder index of China's monoammonium phosphate was 3,118.75, rising; 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 stable and low-key state. On the enterprise side, enterprises still mainly implement advance orders in advance, suspend quotations, and reduce the number of pending orders, but there is still some support. In terms of costs, raw material prices continue to remain high and costs continue to support them. In terms of demand, the downstream autumn fertilizer market continues to maintain a small amount of on-demand replenishment orders, and autumn demand is gradually ending, and the market is currently on the sidelines. Overall, there are still no new positive stimulus prices in the monoammonium market, and it is expected that the market price of monoammonium phosphate will continue to operate smoothly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 7, the 64% particle index of China's mainstream diammonium phosphate was 3784, stable; the 60% brown index was 3320, stable; and the 57% content index was 3,282.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to operate smoothly. In terms of enterprises, enterprises continue to ship pre-received orders. At present, some enterprises have stopped for equipment maintenance, and the operating rate has dropped slightly. On the demand side, autumn fertilizer is now coming to an end, market procurement enthusiasm is average, and the overall trading atmosphere is dull. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continue to rise, and cost support has increased. On the whole, the diammonium phosphate market is mainly supported by rising raw material prices and is not supported by other factors. Therefore, it is expected that the market price of diammonium phosphate will continue to maintain a stable and low-key state.

Specific market prices in each region are as follows: