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Phosphate fertilizer daily review: Phosphate fertilizer companies are ready to support price consolidation and operation (October 9)

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October 9, 2023, 4:14 PM

Monoammonium phosphate price index:

According to Feiduo data, on October 9, the 55% powder index of China's monoammonium phosphate was 3,131.25, stable; the 55% particle index was 2,820.00, 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 operate smoothly. In terms of enterprises, most companies still have a large number of shipments, and some can be implemented until the end of this month or the middle of next month. Enterprises have no pressure on their orders and maintain the current high price of monoammonium. In terms of cost, the price of raw material phosphate ore continues to remain high, and costs are still supported. In terms of demand, there is still a small amount of downstream demand, and orders in some regions are also being followed up. On the whole, the monoammonium market as a whole remains relatively stable, and the market price of monoammonium phosphate is expected to continue to maintain a large, stable and small state in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on October 9, the 64% particle index of China's mainstream diammonium phosphate was 3,770.00, down; the 60% brown index was 3,320.00, stable; and the 57% content index was 3,262.50, down.

 

 

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China dropped slightly today. On the enterprise side, enterprises continue to ship advance export orders in the early stage. Currently, the shipment of autumn orders is approaching the end, and orders are gradually decreasing, which puts pressure on enterprises. Some enterprises have slightly lowered their factory quotations in order to collect orders in the later stage. On the demand side, a small amount of downstream autumn wheat fertilizer just needs to be purchased, and the overall market demand is limited. In terms of raw materials, the price of raw material synthetic ammonia fell slightly, and cost support weakened. Overall, the transaction atmosphere in the diammonium phosphate market is weak, and it is expected that the market price of diammonium phosphate will have difficulty rising.

Specific market prices in each region are as follows: