Phosphate fertilizer daily review: Phosphate fertilizer market is deadlocked and wait-and-see prices may be expected to reduce slightly (November 23)

Monoammonium phosphate price index:

According to Feiduo data, on November 23, the 55% powder index of China's monoammonium phosphate was 3,500.00, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,683.33, 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 owner is ready to implement the plan in the early stage, and it will be ready until around mid-to-late December. The factory has not lowered its expectations in the short term, and prices are currently maintaining firm operation. On the supply side, Nissan's low level continues, the tight supply situation continues, and the market supply is tight. In terms of demand, the overall market trading atmosphere is weak, and the overall procurement demand is regional. Currently, the enthusiasm for purchasing downstream raw materials in the Northeast market is slowing down, and industry operators in North China, East China and other places are wait-and-see; in terms of industrial demand, demand from downstream compound fertilizer factories is slowing down, and the purchasing mentality continues to wait and see, and the market trading atmosphere is general. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia were slightly lowered, while the prices of phosphorus rock remained stable. Overall, the supply-demand relationship in the monoammonium market is still tight, but under the influence of emotions, the market situation is temporarily deadlocked, and it is expected that the market price of monoammonium phosphate may be slightly lowered in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 23, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,670.00, 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 remains high. On the enterprise side, enterprises continue to implement advance orders in the early stage, and most domestic sales have been suspended to continue to support. On the supply side, the industry's operating rate continues to be low. The supply of winter storage in the mainstream market is still tight. The tight supply situation continues. Currently, due to the limited supply of goods in the market, the ex-factory prices of enterprises have remained firm. In terms of demand, although the winter storage market has just had a large demand, it is currently affected by high prices, and the downstream enthusiasm for follow-up has weakened compared with the previous period. The current mentality is wait-and-see. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have been slightly lowered, the price of phosphorus rock has remained stable, and the support for raw materials has weakened. On the whole, the diammonium market is currently affected by emotions, downstream procurement enthusiasm has weakened, and raw material prices have been slightly lowered. It is expected that the price of diammonium phosphate will be slightly lowered in a short period of time.

Specific market prices in each region are as follows: