Phosphate fertilizer daily review: Market supply constraints continue to continue to increase phosphate fertilizer prices (November 7)

Monoammonium phosphate price index:

According to Feiduo data, on November 7, the 55% powder index of China's monoammonium phosphate was 3,412.50, rising; the 55% particle index was 3,380.00, rising; 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 rise. In terms of factories, manufacturers continue to suspend receiving orders and have a large amount of support ready. Most orders have been ready for more than one month, and the manufacturers have a good mentality. In terms of supply, the current market available resources are still tight, and there is still room for improvement in the focus of transactions. On the demand side, the market's market entry inquiry atmosphere is okay, but as prices continue to rise, some operators have become cautious and wait-and-see mentality. On the whole, under the support of the monoammonium market, manufacturers are optimistic about prices, and market supply continues to be tight. It is expected that the market price of monoammonium phosphate will continue to rise at a high level in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 7, the 64% particle index of China's mainstream diammonium phosphate was 3,866.67, stable; the 60% brown index was 3,550.00, stable; and the 57% content index was 3,550.00, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China continued to increase in a narrow range today. In terms of factories, most manufacturers are still in the process of executing export orders, and companies are currently suspending orders for domestic sales, and are currently suspending quotations. On the supply side, the market continues to be scarce, the operating rate remains low, and the market supply is tight. In terms of demand, the Northeast has just emerged, and the downstream search atmosphere is improving, and demand is following up one after another. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continued to rise in a narrow range, and strong cost support continued. On the whole, the current diammonium market is tight and the price is rising, and the market push atmosphere is positive. It is expected that the price of diammonium phosphate will continue to be firm in the short term.

Specific market prices in each region are as follows: