Phosphate Fertilizer Daily Review: Costs to Support the Firm Operation of Phosphate Fertilizer Prices (October 26)

Monoammonium phosphate price index:

According to Feiduo data, on October 26, China's 55% powder index of monoammonium phosphate was 3,218.75, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,410.00, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is more consolidated and running. In terms of factories, most factories are preparing large quantities of orders. Orders were fully received in November. Currently, orders are suspended, and factory shipments are under no pressure. In terms of supply, the operating rate of ammonium monogram has declined within a narrow range recently, and upstream costs and prices have been high. Most ammonium monogram factories have stopped production, and supply has shrunk slightly. On the demand side, the current focus of market transactions is shifting to winter storage, and most downstream companies are following up one after another. On the whole, the current supply of monoammonium in the market continues to be low, and companies have support to support it. However, the overall positive supporting factors are weak. It is expected that the market price range of monoammonium phosphate will be consolidated and operated in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 26, the 64% particle index of China's mainstream diammonium phosphate was 3,791.67, stable; the 60% brown index was 3,350.00, stable; and the 57% content index was 3,415.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is moving upwards. In terms of factories, the factory currently has a small number of Chinese autumn orders left and has shipped more export orders. The company's mentality is strong under the support of export orders. On the demand side, the agricultural demand winter storage market has been slow to start, insufficient follow-up, and a cautious downstream purchasing mentality. In terms of raw materials, the price of raw material phosphate rock is firm, the price of sulfur continues to fall, and costs are still supported. On the whole, the export orders of the diammonium factory are supported and the downstream mentality is firm. 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: