Daily review of phosphate fertilizer: Downstream winter storage has not yet followed up on the company's pre-shipment orders (October 18)

Monoammonium phosphate price index:

According to Feiduo data, on October 18, China's 55% powder index of monoammonium phosphate was 3,131.25, down; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,333.33, down.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China was slightly lowered. On the enterprise side, enterprises continue to implement pre-received orders, suspend quotations, and a small number of new orders were completed. With the support of waiting for orders, enterprises 'quotations are firm. In terms of supply, some enterprises have recently planned to reduce production in equipment, and supply has been reduced. In terms of cost, the price of raw material phosphorus rock has remained generally stable, and cost support still exists. On the demand side, the capacity utilization rate of the downstream compound fertilizer industry is currently declining, the demand for monoammonium is weakening, and the market trading atmosphere continues to be dull. Overall, monoammonium companies and traders are currently in a game, 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 18, 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 3,320.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has been adjusted upward. On the supply side, the operating rate of diammonium has dropped overall this week, and market supply has decreased. In terms of enterprises, enterprises still have export and pending orders, and most companies have suspended quotations and collections. Currently, there is still support for pending orders. On the demand side, the autumn market has basically ended, and winter storage orders have not been followed up. We should be cautious and wait and see. The market trading atmosphere is general. In terms of raw materials, the price of raw material synthetic ammonia rose slightly, but the overall cost support was still weak. On the whole, diammonium phosphate companies are obviously willing to support prices, while downstream companies have a wait-and-see attitude. It is expected that the market price of diammonium phosphate will continue to remain deadlocked in the short term.

Specific market prices in each region are as follows: