Daily review of phosphate fertilizer: Enterprise operating rates drop and prices are stable (October 12)

Monoammonium phosphate price index:

According to Feiduo data, on October 12, 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 maintain a stable operation. In terms of enterprises, most companies continue to implement pre-received orders, and new orders have limited transactions. In terms of supply, the operating rate of monoammonium today has a downward trend, which may affect supply in the future. In terms of cost, raw material phosphorus rock prices continue to operate at a high level, and cost support still exists. On the demand side, the current market demand is small, and the downstream has a wait-and-see attitude. Overall, the monoammonium market is currently ready for support, and the market price of monoammonium phosphate is expected to remain stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 12, the 64% particle index of China's mainstream diammonium phosphate was 3,770.00, stable; the 60% brown index was 3,280.00, stable; and the 57% content index was 3,262.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to hold steady. In terms of enterprises, enterprises are still mainly focused on launching, and there is still support for launching. Most enterprises are obviously willing to bid for the support of launching. On the demand side, autumn wheat fertilizer is coming to an end, winter storage has not yet started, and downstream maintains a small amount of orders that just need to be replenished. In terms of raw materials, the price of raw material synthetic ammonia continued to fall slightly, and cost support remained weak. Overall, the overall diammonium phosphate market has remained unchanged, and it is expected that the market price of diammonium phosphate will remain consolidated in the future.

Specific market prices in each region are as follows: