Phosphate Fertilizer Daily Review: There are minor market changes and adjustments are pending at this industry meeting (November 15)

Monoammonium phosphate price index:

According to Feiduo data, on November 15, 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 the factory, the factory holds an additional month's worth of shipments and continues to execute shipments. New orders are increasing one after another. Currently, the price has not changed, and the mentality is firm. On the supply side, the operating rate of monoammonium has not changed much, and Nissan has continued to be low. Some companies are still in the process of stopping for maintenance and are expected to resume production at the end of this month. On the demand side, traders are gradually showing signs of shipment, with inquiries and purchase demands. Affected by high prices, downstream companies are maintaining just purchasing needs, raw material gaps still exist, and purchasing mentality is wait-and-see, and the overall market performance is weak. In terms of raw materials, the prices of raw materials phosphate rock and sulfur continue to be high, and cost support still exists. On the whole, the monoammonium market is currently affected by low supply, with high prices, and the market has basically remained unchanged. 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 15, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,760.00, stable; and the 57% content index was 3,610.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has been raised and consolidated. On the enterprise side, enterprises have sufficient advance orders. Currently, during the suspension of collection in many places, actual market transactions are mainly negotiated. On the supply side, the tight market supply situation continues, and the operating rate of enterprises is low. It is expected that this situation will continue. On the demand side, a small amount of goods arrived in the winter storage market, but they were still in need. In terms of raw materials, the price of raw material phosphate rock has remained generally stable, with high prices, and costs continue to support it. On the whole, the diammonium market has not changed much at present. The market is waiting for this industry meeting. It is expected that the price of diammonium phosphate will remain high in the short term.

Specific market prices in each region are as follows: