Phosphate fertilizer daily review: tight supply of phosphate fertilizer supports continued high and firm market prices (November 6)

Monoammonium phosphate price index:

According to Feiduo data, on November 6, the 55% powder index of China's monoammonium phosphate was 3,393.75, rising; the 55% particle index was 2,820.00, stable; and the 58% powder index was 3,516.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be high. In terms of factories, the factory has a large amount of waiting for orders and continues to suspend quotations and orders receiving. Under the support of waiting for orders, manufacturers have a strong bullish attitude and their quotations continue to be firm and upward. On the supply side, the tight market supply situation continues, but the supply sources continue to be tight, and many sellers are reluctant to sell. On the demand side, downstream continues to purchase on demand. Affected by the buying mentality, the inquiry atmosphere is more positive. On the whole, the monoammonium market is ready to support, manufacturers are holding prices, supply is tight, and demand is following up. It is expected that the market price of monoammonium phosphate will continue to be high and firm in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 6, the 64% particle index of China's mainstream diammonium phosphate was 3,866.67, rising; the 60% brown index was 3,550.00, rising; and the 57% content index was 3,550.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to stabilize and consolidate. In terms of factories, most factories are still in the process of suspending quotations and acquiring orders for domestic sales. A small number of new orders were sold in the market, and manufacturers mainly issue exports in advance in advance. In terms of supply, the domestic market is currently scarce, and social inventories are low, and the arrival volume in the winter storage market is limited. On the demand side, upstream traders are actively looking for goods, while downstream traders just need to follow up. The transaction price remains high. They are cautious and wait and see, waiting for mainstream companies to clarify pricing. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia fluctuated within a narrow range, and cost support remained strong. On the whole, most factories currently have no pricing for domestic sales. The market supply is scarce, transactions are high, and downstream follow-up is slow. It is expected that the price of diammonium phosphate will continue to be high in the short term.

Specific market prices in each region are as follows: