Phosphate Fertilizer Daily Review: Companies are optimistic, prices are stable and within a narrow range (October 25)

Monoammonium phosphate price index:

According to Feiduo data, on October 25, the 55% powder index of China's monoammonium phosphate was 3,181.25, stable; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,383.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be stable. In terms of enterprises, most companies are ready to support, and some companies are ready to increase, so they all accept orders and suspend quotations. The current market quotations are firm, the company's mentality is optimistic, and the intention to raise prices is obvious. On the supply side, the operating rate of monoammonium is currently declining within a narrow range, and companies have sold a small number of new orders, reducing production and ensuring prices, resulting in a continued decline in supply. On the demand side, the focus of market transactions is currently shifting to winter storage, new downstream orders continue to follow up, and market inquiries are hot. On the whole, the current market demand for monoammonium continues to follow up, the supply is low and good, and companies are ready to support it. It is expected that the market price of monoammonium phosphate will remain firm and rise in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 25, the 64% particle index of China's mainstream diammonium phosphate was 3,791.67, stable; the 60% brown index was 3,350.00, rising; 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. On the enterprise side, the shipment of early orders has basically ended, with a small number of autumn orders left, and export orders have been temporarily shipped. The enterprise's mentality is strong under the support of export orders. On the demand side, agricultural planting is currently steadily increasing, and the market demand for supplementary orders is beginning to appear. Downstream traders are actively entering the market to inquire about goods, looking for low-cost sources to purchase. In terms of raw materials, the price of raw material phosphate rock is firm, and the cost is still high. Overall, the cost of diammonium phosphate is still high, market demand continues to follow up, and it is expected that the price of diammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows: