Phosphate Fertilizer Daily Review: Companies are ready to go, prices are still high and stable (October 10)

Monoammonium phosphate price index:

According to Feiduo data, on October 10, 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. On the enterprise side, enterprises continue to process pending orders, and some orders can be executed until the end of this month or even the middle of next month, which is good for the high price of monoammonium. In terms of cost, today's raw material phosphorus rock prices are generally stable, and there is still support in terms of cost. In terms of demand, the overall transaction atmosphere in the downstream Northeast market is currently higher than that in other regions, and market demand still exists. On the whole, the monoammonium market is ready and demand is supported, and it is expected that the market price of monoammonium phosphate will continue to maintain a stable and low-key state in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 10, the 64% particle index of China's mainstream diammonium phosphate was 3,770.00, stable; the 60% brown index was 3,280.00, down; and the 57% content index was 3,262.50, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China continued to decline slightly today. On the enterprise side, enterprises continue to implement advance receipts from China and exports in the early stage. Currently, the shipment of orders in autumn is coming to an end, and the order volume is gradually decreasing. Most enterprises have lowered their factory quotations to collect orders in the later stage. On the demand side, a small number of downstream companies just need to follow up, and the overall transaction atmosphere is average. Most of them hold a wait-and-see attitude and replenish the goods appropriately when the price is low. In terms of raw materials, the price of raw material synthetic ammonia continued to fall slightly, and costs supported weak operations. Overall, there is a lack of favorable factors in the diammonium phosphate market, and it is expected that the market price of diammonium phosphate will still have room for decline.

Specific market prices in each region are as follows: