Phosphate fertilizer daily review: Phosphate fertilizer prices continue to be high and firm despite tight market supply (November 9)

Monoammonium phosphate price index:

According to Feiduo data, on November 9, the 55% powder index of China's monoammonium phosphate was 3,475.00, rising; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,616.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be high and adjusted. In terms of factories, most factories still have not yet made new prices. With the support of a large number of preparations, manufacturers are reluctant to sell goods and continue to suspend receiving orders and quoting prices. Factory quotations continue to rise high. In terms of supply, the market's available supply sources are still tight. There are many factory parking and maintenance devices, and the market supply is reduced. On the demand side, many downstream places are still in the state of on-demand procurement. The current market prices are high, and operators are cautious in pursuing higher prices. In terms of raw materials, raw material phosphorus rock will maintain a tight supply situation for a long time, raw material sulfur prices will operate at a high level, and costs will support the high price of monoammonium. On the whole, the monoammonium market is due to high cost prices and reduced supply. It is expected that the market price of monoammonium phosphate will remain high in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 9, the 64% particle index of China's mainstream diammonium phosphate was 3,875.00, stable; the 60% brown index was 3,760.00, 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. On the enterprise side, today, companies have placed a small number of domestic sales orders, increased market inquiries, and there are still pending orders in the early stage. At present, the company's mentality is good. On the supply side, social inventories continue to be low, market arrivals are limited, supply of goods is in short supply, and the atmosphere of speculation is still strong. On the demand side, the winter storage market has limited arrivals. Upstream traders are actively seeking goods, and downstream traders just need to follow up. 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 continued to increase within a narrow range, and costs remained strongly supported. On the whole, the diammonium market is currently receiving positive support, and the price of diammonium phosphate is expected to continue to operate strongly in the short term.

Specific market prices in each region are as follows: