Phosphate fertilizer daily review: Costs are expected to support phosphate fertilizer prices that are still in need and are running at a high level (October 31)

Monoammonium phosphate price index:

According to Feiduo data, on October 31, the 55% powder index of China's monoammonium phosphate was 3,243.75, stable; 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 continues to increase slightly. In terms of factories, the factory still handles more orders received in advance in the early stage. Currently, the receipt of orders is suspended. With the support of a large amount of waiting, the factory is holding prices, and this state will continue in a short period of time. On the supply side, the utilization rate of monoammonium production capacity continued to decline slightly, some factories reduced production, small quantities of goods were delivered to the market, and traders were reluctant to sell. In terms of demand, it is in the winter storage stage, and downstream needs still exist, and demand continues to follow up. Overall, the supply of monoammonium phosphate in the market is tight, companies are ready to support, and downstream is just in need of replenishment. It is expected that the market price of monoammonium phosphate will continue to remain high in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 31, the 64% particle index of China's mainstream diammonium phosphate was 3,805.00, rising; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,465.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and running. In terms of factories, factories continue to implement export advance receipts, and export orders are still supported. Many factories suspend quotations and orders collection. Currently, market inquiries are better and factories support prices. In terms of supply, the diammonium market is scarce and the supply is tight, and the supply is good for the market. On the demand side, at this stage, there is a lot of market demand that needs to be followed up, downstream traders are taking a cautious wait-and-see attitude, and some industries are also following up in a small amount. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have been high, and cost support still exists. On the whole, the cost of diammonium is high, factory export orders are supported, and downstream needs are still in place. 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: