Daily review of phosphate fertilizer: Market supply is reduced and prices are more consolidated (October 17)

Monoammonium phosphate price index:

According to Feiduo data, on October 17, China's 55% powder index of monoammonium phosphate was 3,137.50, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,350.00, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and slightly increased. In terms of enterprises, enterprises still mainly implement pre-received orders, with a small number of new orders being sold, and there is still support for the pending orders. In terms of supply, some enterprises have recently planned to reduce production in equipment, and supply has been reduced. 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 average, the actual transaction volume is small, and the downstream mentality is wait-and-see. Overall, the monoammonium market has not changed much, 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 17, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. On the supply side, the operating rate of diammonium has dropped overall this week, and market supply has declined. On the enterprise side, enterprises still mainly ship pre-order orders, and there is still support for them to be dispatched. On the demand side, the market is currently in a stalemate in purchasing and purchasing, and the Northeast market still needs, but the current mentality is wait-and-see. In terms of raw materials, the price of raw material synthetic ammonia continued to fall slightly, and cost support remained weak. Overall, the factors influencing the market price of diammonium phosphate have not changed, 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: