Phosphate Fertilizer Daily Review: Market trading is flat and price trend is deadlocked (December 12)

Monoammonium phosphate price index:

According to Feiduo data, on December 12, the 55% powder index of China's monoammonium phosphate was 3,437.50, down; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,633.33, down.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continued to decline slightly. In terms of factories, the current number of factories to be shipped is gradually decreasing, and some factories only receive orders from corresponding customers; under the support of large production companies to be shipped, prices have not changed; prices of some small factories are being adjusted. In terms of the market, the overall market trading atmosphere is still weak, with limited new orders in the market and chaotic prices. In terms of supply, the supply of monoammonium in the market is low, but the supply is sufficient for current market demand. On the demand side, market demand continues to remain weak, and the demand side has not improved. Downstream compound fertilizer raw material procurement mentality is wait-and-see. In terms of raw materials, the price of synthetic ammonia continues to increase slightly, the supply of raw material phosphorus rock is still tight, and the cost side is firm. On the whole, the monoammonium market is about to shrink, and the price is expected to decline. It is expected that the market price of monoammonium phosphate will stabilize and fall slightly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on December 12, 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 continues to remain stable. In terms of enterprises, enterprises have sufficient advance orders. Currently, most of them are executing pre-order orders, and ex-factory prices are stable. In terms of the market, the downstream sentiment in the mainstream market for winter storage continues to wait and see, with average enthusiasm for preparing for fertilizer, and the prices of stock holders have been lowered within a narrow range. On the demand side, the trading atmosphere in the winter storage market was slightly dull, mainly due to the fact that downstream traders already hold a certain supply of goods and the enthusiasm for purchasing continued to weaken. In terms of raw materials, the price of raw material synthetic ammonia continued to rise slightly, the price of phosphate rock remained firm, and the cost remained high. On the whole, the current market sentiment for diammonium is weak, but with the support of costs, companies are mainly optimistic about prices. It is expected that the market price of diammonium phosphate will continue to maintain consolidation and operation in the short term.

Specific market prices in each region are as follows: