Phosphate fertilizer daily review: Downstream demand is sluggish, phosphate fertilizer prices are running firm (October 19)

Monoammonium phosphate price index:

According to Feiduo data, on October 19, 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 is stable. In terms of enterprises, most companies still have to be issued. The quotations of companies with large amounts of waiting volume remain firm. As the number of waiting volume decreases, the prices of some companies have shown a slight downward trend. On the supply side, due to the continuous reduction of plant production this week, the market supply continues to shrink, and the current supply of monoammonium in the market is low. In terms of cost, the price of raw material phosphorus rock has remained generally stable, and cost support still exists. In terms of demand, autumn sowing has ended, downstream compound fertilizer units are operating at a low level, and demand for monoammonium has weakened, resulting in a small number of new orders being sold in the market and a narrow market demand. On the whole, the current supply of monoammonium in the market is decreasing and is ready to be supported, but downstream demand is sluggish. It is expected that the market price of monoammonium phosphate will 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 19, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. In terms of supply, supply continues to shrink this week, and some units are planned for maintenance at the end of this month. It is expected that supply reduction will continue. On the enterprise side, there is still support for enterprises 'exports and pending orders. Enterprises often suspend quotations and collections. Under the pending support, enterprises' quotations are firm. On the demand side, autumn wheat fertilizer is coming to an end, the winter storage market continues to remain on the sidelines, and the overall market trading situation is average. 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 holding prices and downstream are wait-and-see. 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: