Phosphate fertilizer daily review: Demand performance is average under the influence of market news (December 11)

Monoammonium phosphate price index:

According to Feiduo data, on December 11, the 55% powder index of China's monoammonium phosphate was 3,440.00, down; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,650.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been consolidated downward. In terms of factories, factories continue to implement pre-shipment orders, and production companies continue to reduce their shipments. Most companies only hold shipments for nearly half a month, and a few factories can implement them until the end of this month or January. On the market side, affected by the news, the overall demand in China's monoammonium phosphate market has cooled, the market has remained weak, and new orders have been limited. In terms of supply, the supply of monoammonium in the market dropped slightly, but the overall supply is still relatively sufficient. In terms of demand, the current market demand is weak, and demand in many places is weak. However, the operating rate of compound fertilizer companies in Northeast China has increased, and inquiries have improved slightly. In terms of raw materials, the price of synthetic ammonia has increased slightly, the supply of raw material phosphorus rock is still tight, and the cost side still has support. Overall, under the influence of the monoammonium market news, prices are under upward pressure, and the monoammonium phosphate market price is expected 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 December 11, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,620.00, stable; and the 57% content index was 3,602.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. On the enterprise side, companies have sufficient advance orders and are ready until late January; the prices of holders have fallen within a narrow range and continue to fall. Currently, there is a large gap between the company's collection prices and the trader's quotations, and companies have received fewer orders. In terms of the market, the market trading atmosphere is general, downstream purchasing enthusiasm has slowed down, and the atmosphere has weakened. In terms of supply, the current market arrival volume is still lagging behind in previous years, and supply is tight. In terms of demand, the current stock volume of winter storage is still insufficient, procurement advancement is slow, and downstream demand support is weak. However, the winter storage market still needs, and there may be follow-up intentions in the future. In terms of raw materials, the price of raw material synthetic ammonia rose slightly, the price of phosphate rock remained firm, and the cost remained high. On the whole, the focus of diammonium companies is currently shifting to China, and market demand is still cautious and wait-and-see. It is expected that the market price of diammonium phosphate will continue to maintain consolidation in the short term.

Specific market prices in each region are as follows: