Phosphate fertilizer daily review: Enterprise operating rate declines, price consolidation and operation (October 16)

Monoammonium phosphate price index:

According to Feiduo data, on October 16, 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 advance orders. Although new orders are limited, there is still support for them to be issued. In terms of supply, the utilization rate of monoammonium production capacity has declined slightly, equipment maintenance has increased, and supply may continue to shrink. 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 Northeast market is currently in need, but the actual transaction volume is small, and the downstream has a wait-and-see attitude. Overall, the monoammonium market is currently under cost support, and the market price of monoammonium phosphate is expected to 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 16, 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 3,275.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China was slightly increased. In terms of supply, the operating rate of diammonium has dropped significantly, and some areas show a tight supply of goods. In terms of enterprises, enterprises are still focused on launching, and there is still support for launching. Most enterprises have a mentality of offering prices. On the demand side, the current market trading atmosphere is improving, autumn sowing is being carried out one after another, terminal demand is released in a concentrated manner, and the demand side is well supported. In terms of raw materials, the price of raw material synthetic ammonia continued to fall slightly, and cost support remained weak. Overall, the diammonium phosphate market is expected to be supported by demand, and it is expected that the market price of diammonium phosphate will remain consolidated in the short term.

Specific market prices in each region are as follows: