Phosphate fertilizer daily review: Phosphate fertilizer prices are temporarily high, market mentality is waiting and see (November 14)

Monoammonium phosphate price index:

According to Feiduo data, on November 14, the 55% powder index of China's monoammonium phosphate was 3,475.00, stable; 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. In terms of factories, the factories continue to implement orders pending in the early stages. There is a large demand in Northeast China, orders received in advance have increased, and manufacturers are obviously willing to bid. In terms of supply, as the demand for fertilizer preparation in the downstream market continues to follow up, the operating rate of monoammonium is currently showing a gradual upward trend, and the supply has increased compared with the previous period. In terms of demand, autumn sales and winter reserves in the Northeast market are currently connected, and China's demand is following up with foreign exports, and market demand continues to increase. In terms of raw materials, the prices of raw materials phosphate rock and sulfur continue to be high, and cost support still exists. Overall, the monoammonium market is currently developing well, and the market price of monoammonium phosphate is expected to remain 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 14, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, rising; the 60% brown index was 3,760.00, stable; and the 57% content index was 3,610.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has been raised and consolidated. On the enterprise side, the arrival situation in the winter storage market has not improved, and the company's quotations are still high. In addition, there is still support in the early stage, so most companies are willing to wait and see. In terms of supply, the supply in the Chinese market is still tight, and the market supply is tight. In the later period, the supply of diammonium is expected to increase in a narrow range, and the supply is expected to increase gradually. On the demand side, downstream enthusiasm for winter storage has gradually increased, market inquiries have been active, and demand remains in the future. In terms of raw materials, the price of raw material phosphate rock continues to be high, and the cost of diammonium still remains supported. On the whole, the operating rate of the diammonium market is still at a low level, the market supply of goods is tightening, and the price of goods is increasing. 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: