Phosphate Fertilizer Daily Review: The atmosphere on the venue was flat and new orders were slightly sluggish (December 13)

Monoammonium phosphate price index:

According to Feiduo data, on December 13, the 55% powder index of China's monoammonium phosphate was 3,437.50, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,633.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of factories, most factories are currently mainly holding prices under the support of the company; some companies are selling at reduced prices, but the actual transaction is only negotiated, and the price has dropped secretly, causing chaos in the market. On the market side, the focus of local transactions in the market dropped slightly, new orders were limited, and the overall trading atmosphere was slightly weak. On the supply side, the operating load of ammonium monoplants is high, and the industry's capacity utilization rate is still high. On the demand side, market demand is weak. In terms of industrial demand, downstream compound fertilizer companies already hold part of the supply. Currently, they are less enthusiastic about purchasing raw materials. Most of them are high-nitrogen fertilizers, and their demand for phosphorus consumption is relatively limited. In terms of raw materials, the price of synthetic ammonia continues to increase slightly, the tight supply of raw material phosphate rock continues, and the cost operation continues to be firm. On the whole, the current phenomenon of overt stability and covert decline in monoammonium companies still exists. Factory orders are poor and more profits are allowed to accept new orders. 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 December 13, 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, the current enterprises focus on implementing China's pending orders, with sufficient pending orders and stable quotations. In terms of the market, the market trading atmosphere is general, the atmosphere is dull, the enthusiasm for purchasing is poor, the circulation of goods is slow, and the downstream mentality continues to wait and see. In terms of demand, the overall market demand is average, the winter storage market is advancing slowly, and the wait-and-see atmosphere remains unabated. In terms of raw materials, the price of raw material synthetic ammonia continued to rise slightly, while the price of phosphate rock was firm and supported by high costs. On the whole, the diammonium phosphate market is currently facing high costs and support, and the quotation is firm. It is expected that the market price of diammonium phosphate will continue to remain deadlocked and consolidated in the short term.

Specific market prices in each region are as follows: