Phosphate fertilizer daily review: The tight market supply situation continues and downstream demand remains (November 21)

Monoammonium phosphate price index:

According to Feiduo data, on November 21, China's 55% powder index of monoammonium phosphate was 3,500.00, rising; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,683.33, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to hold steady. On the enterprise side, factories are ready for support, and the policy of ensuring supply and stabilizing prices has affected the market. Currently, manufacturers 'ex-factory prices remain stable, mainly based on the execution of pre-advance orders. On the supply side, Nissan continued to maintain a low level, and the on-site supply was tight, supporting high prices. On the demand side, a small number of market orders have followed up, and downstream compound fertilizer companies still maintain just purchasing raw materials, and the companies continue to hold a wait-and-see attitude. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia are firm, the supply of phosphate rock is still tight and bullish, and costs are still supported. Overall, there has been no significant change in the overall monoammonium market, and it is expected that the market price of monoammonium phosphate will continue to maintain consolidation in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 21, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,670.00, down; 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 continues to be high. In terms of enterprises, most enterprises have not yet made bids or collected payments. The actual transaction of new orders is mainly through negotiation. Currently, the main shipment of pre-stage port collection orders is currently carried out, and there is no inventory pressure. On the supply side, the mainstream market has a small amount of goods, but the supply of goods is still tight, supporting high prices. On the demand side, the winter storage market has a large demand, and the tight supply of goods is expected to continue in the short term. Downstream inquiries are made at multiple prices and low prices, and actual purchases are more wait-and-see. In terms of raw materials, the prices of sulfur and synthetic ammonia were flat, the overall price of phosphorus rock was relatively stable, and the cost side still had support. On the whole, the current market demand for diammonium is good, and the tight supply situation continues. However, under the guidance of the policy of ensuring supply and stabilizing prices, the price of diammonium phosphate is expected to be stable and within a narrow range in a short period of time.

Specific market prices in each region are as follows: