Phosphate Fertilizer Daily Review: Companies are ready to support slowing market demand and more price consolidation and operation (November 28)

Monoammonium phosphate price index:

According to Feiduo data, on November 28, the 55% powder index of China's monoammonium phosphate was 3,483.75, down; 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 was slightly lowered. In terms of factories, the factory continues to execute, and new orders in the market are generally traded. Under the current support of waiting, there has been no significant change in ex-factory prices. As for traders, traders make more profits and ship. Currently, their willingness to ship has increased, and prices have dropped slightly. On the supply side, the market output of monoammonium has shrunk, and the start-up load of enterprises 'equipment has been relatively high. On the demand side, the market trading volume is limited, the trading atmosphere for new orders is weak, and downstream purchasing sentiment is more wait-and-see; in addition, downstream compound fertilizer companies have stagnant transactions in many places, and raw material procurement mentality is wait-and-see, or a small amount of on-demand purchases. In terms of raw materials, the price of raw material sulfur increased slightly, the price of phosphorus rock remained stable, the price of synthetic ammonia continued to decrease slightly, and the price of raw materials was deadlocked. On the whole, prices are still strong despite the support of a large number of monoammonium factories, and low demand prices are following up. It is expected that the market price of monoammonium phosphate will continue to remain deadlocked in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 28, 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 continues to maintain a high level of consolidation. In terms of enterprises, some enterprises are currently collecting small amounts of money. Under the guidance of the policy of ensuring supply and stabilizing prices, the ex-factory prices of enterprises are mostly stable. As for traders, traders currently hold limited supplies of goods. When there is a small amount of stock, traders have a strong intention to increase prices. On the demand side, it is winter, and downstream market procurement continues to wait and see. The market trading atmosphere is general, and the actual transaction volume is limited. However, due to the current small amount of spot in the market, most upstream quotations continue to be high, and prices are deadlocked. In terms of the market, downstream companies continue to inquire for goods at low prices, and actual purchases are mostly wait-and-see. Currently, market procurement enthusiasm is still low. In terms of raw materials, the price of raw material sulfur has increased slightly, the price of phosphorus rock has remained stable, and the price of synthetic ammonia has continued to decrease slightly. Costs are still high and support is strong. On the whole, the current shortage of supplies in the diammonium market remains unchanged, but the downstream mentality is firm and wait and see. It is expected that the price of diammonium phosphate will fluctuate in a short period of time.

Specific market prices in each region are as follows: