Phosphate fertilizer daily review: Market speculation is serious amid tight supply (November 8)

Monoammonium phosphate price index:

According to Feiduo data, on November 8, China's 55% powder index of monoammonium phosphate was 3,468.75, rising; the 55% particle index was 3,400.00, rising; and the 58% powder index was 3,616.67, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to increase slightly. In terms of factories, large factories continue to suspend taking orders and suspending quotations. They mainly advance advance orders in advance and have no intention to accept new orders in the short term. Some small factories are limited to taking orders, and prices continue to rise. The market atmosphere is still strong, and factory quotations have been raised continuously. In terms of supply, daily production continues to be low, upstream phosphate ore mining will be closed in December, and the shortage of supply remains unchanged. On the demand side, downstream and traders still have inquiries and procurement needs. The market needs still exist, and the demand side is good. Overall, there are many positive factors in the monoammonium market, and the mentality of the industry is pushing up. It is expected that the price of monoammonium phosphate market will continue to rise in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 8, the 64% particle index of China's mainstream diammonium phosphate was 3,875.00, rising; the 60% brown index was 3,730.00, rising; and the 57% content index was 3,550.00, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market prices are consolidated and put into operation. In terms of factories, most manufacturers continue to execute export orders, and many domestic sales have suspended the receiving stage, so the manufacturers have a better mentality. On the supply side, the operating rate is relatively low, resulting in tight market supply and rising prices. Enterprises release small quantities of goods on demand. The market supply is tight, and traders are reluctant to sell. On the demand side, upstream traders are actively seeking goods, while downstream traders just need to follow up and wait and see carefully, waiting for mainstream companies to clarify pricing. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continued to increase within a narrow range, and costs remained strongly supported. On the whole, the current speculation atmosphere in the diammonium market is strong, and the price of diammonium phosphate is expected to continue to be firm in the short term.

Specific market prices in each region are as follows: