Phosphate fertilizer daily review: Market demand is slowing down and price consolidation is in operation (November 29)

Monoammonium phosphate price index:

According to Feiduo data, on November 29, the 55% powder index of China's monoammonium phosphate was 3,483.75, 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 is stable. In terms of factories, the transaction of new orders at the factory has slowed down. Among the orders received in advance in the main execution period, the current support for waiting is gradually weakening. The factory intends to lower its quotation to accept orders, and the price has loosened slightly. On the trader side, traders made profits and shipped goods, the price dropped slightly, and the actual transaction remained under negotiation. On the supply side, the market output of monoammonium has shrunk, and the current operating rate has remained at around 58%, and the operating load of enterprises 'equipment is still high. On the demand side, downstream compound fertilizer companies are less enthusiastic about purchasing raw materials, demand follow-up has slowed down, and the purchasing mentality continues to wait and see. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the price of synthetic ammonia continued to decrease slightly, and the price of raw materials was deadlocked. On the whole, the monoammonium market has fallen within a narrow range. The short-term market supply shortage has not improved yet, and the positive situation is gradually weakening. It is expected that the market price of monoammonium phosphate will still have room for decline in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 29, 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. On the enterprise side, guided by the policy of stabilizing prices and ensuring supply, the current price of a small number of enterprises 'acquiring orders is lower than the market price. In terms of traders, traders currently hold limited supplies, and their quotations continue to be high. When there is a small amount of cash, traders 'quotations are firm. In terms of supply, the supply of goods in the winter storage market is still tight, and the market supply is tight. The current operating rate of the diammonium industry remains at around 49.5%. On the demand side, the downstream mentality is mainly wait-and-see, the enthusiasm for purchasing is poor, and the actual market delivery is average. 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, the price of synthetic ammonia has continued to decline, and costs have been consolidated downward. On the whole, the current shortage of supplies in the diammonium market remains unchanged, with positive support. It is expected that the price of diammonium phosphate will continue to fluctuate and consolidate in a short period of time.

Specific market prices in each region are as follows: