Phosphate Fertilizer Daily Review: Cost-pending costs support declining supply, and company quotations are strong and running (October 24)

Monoammonium phosphate price index:

According to Feiduo data, on October 24, China's 55% powder index of monoammonium phosphate was 3,181.25, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,383.33, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China showed an upward trend. In terms of enterprises, most companies still have support when they are ready, with firm quotations and continuous improvement in corporate mentality. Currently, companies have suspended orders and increased numbers. In terms of supply, the overall operating load of the ammonium monoamine industry continues to decline, and production has been reduced recently. In addition to routine maintenance, the reasons are mainly due to the high upstream phosphate ore prices, pressure on costs, and a small number of new orders in the market, reducing production and ensuring prices. Supply continues to shrink. On the demand side, with the end of the autumn sales season, the current focus of market transactions has shifted to winter storage, market inquiries continue, and the atmosphere is improving. On the whole, the monoammonium phosphate market is currently in demand in Northeast China, and the operating rate continues to decline. It is expected that the market price of monoammonium phosphate will strengthen and increase in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 24, the 64% particle index of China's mainstream diammonium phosphate was 3,791.67, rising; the 60% brown index was 3,280.00, stable; and the 57% content index was 3,340.00, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market prices are consolidated and put into operation. In terms of enterprises, enterprises often handle pre-export and pending orders, and often suspend quotations and collections. With the support of pending orders, enterprises 'quotations are firm. In terms of demand, the current overall market demand is weak, the winter reserve market is slow to follow up, and the overall trading atmosphere in the market is light. How much volume just needs to be followed up, and the mentality is wait-and-see. In terms of raw materials, the prices of raw materials phosphate rock and synthetic ammonia are operating at high levels, and cost support still exists. On the whole, with the support of cost and readiness, companies 'quotations are firm, and it is expected that the price of diammonium phosphate will continue to be stable and consolidated in the short term.

Specific market prices in each region are as follows: