Phosphate fertilizer daily review: Market supply is reduced, phosphate fertilizer prices are more consolidated and put into operation (October 23)

Monoammonium phosphate price index:

According to Feiduo data, on October 23, the 55% powder index of China's monoammonium phosphate was 3,162.50, stable; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,356.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of enterprises, most companies are ready for support and their quotations are firm. Currently, the number of sales is reduced compared with the previous period. Production of equipment has been reduced one after another, and market supply has been reduced. In terms of cost, the price of raw material phosphorus rock has remained basically stable, and costs still exist to support. In terms of demand, there is still demand in the Northeast market, and new orders continue to follow up, and the demand side is temporarily positive. On the whole, the current supply of monoammonium in the market is decreasing and is ready for support. Coupled with the follow-up of new orders in the Northeast market, it is expected that the market price of monoammonium phosphate will rise in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 23, the 64% particle index of China's mainstream diammonium phosphate was 3,770.00, rising; the 60% brown index was 3,280.00, stable; and the 57% content index was 3,340.00, falling.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market prices are consolidated and put into operation. On the enterprise side, companies mostly handle pre-export and pending orders, and currently suspend quotation and collection. With the support of pending orders, corporate quotations are firm. In terms of demand, the current market demand is generally weak, the winter storage market has not yet started, the market trading atmosphere is light, and many places are in a wait-and-see state. In terms of raw materials, the price of raw material synthetic ammonia rose slightly, while raw material prices remained firm. On the whole, the upstream and downstream of diammonium phosphate are in a game state. It is expected that the diammonium phosphate market will consolidate and wait and see in the short term, and prices will continue to operate steadily.

Specific market prices in each region are as follows: