Phosphate fertilizer daily review: Market costs support more downstream purchases (October 30)

Monoammonium phosphate price index:

According to Feiduo data, on October 30, China's 55% powder index of monoammonium phosphate was 3,243.75, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,426.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China increased slightly. In terms of factories, most factories are preparing large quantities of orders, and orders were fully received in November. Currently, they have suspended receiving orders. With the support of factories preparing for shipment, there is no pressure on shipments. On the supply side, the utilization rate of monoammonium production capacity continues to decline. At present, most factories have stopped production, and the market supply sources are limited, and traders are reluctant to sell. On the demand side, we are currently in the winter storage stage, the market inquiry atmosphere is still good, and there is still support for downstream agriculture. On the whole, the current supply of monoammonium in the market continues to be low, and companies have support and downstream purchases on demand. It is expected that the market price of monoammonium phosphate will remain high 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 30, the 64% particle index of China's mainstream diammonium phosphate was 3,791.67, stable; the 60% brown index was 3,500.00, rising; and the 57% content index was 3,465.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is high. In terms of factories, most factories currently ship export orders, and some devices are under maintenance. Supported by export orders, the company's mentality is strong. In terms of supply, the current arrival volume of diammonium in the market is insufficient, and the supply is small. The supply is tight, and the supply is good for the market. On the demand side, the agricultural winter storage market has been slow to start and slow to follow up. The quantity of workers and farmers needs to be followed up, and traders are cautious in purchasing. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have strengthened, and cost support has increased. On the whole, the market cost of diammonium is rising, and the market just needs to follow up. 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: