Phosphate fertilizer daily review: Market demand is flat, phosphate fertilizer prices are deadlocked (December 19)

Monoammonium phosphate price index:

According to Feiduo data, on December 19, the 55% powder index of China's monoammonium phosphate was 3,390.00, down; 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 has been lowered extensively. In terms of factories, some factories still need to be supported. Although most of them have not yet made new prices, the current market prices are chaotic and have a downward trend, and follow-up on new orders continues to be weak. In terms of the market, the market continues to operate in a weak position, the focus of transactions still declines, and actual transactions remain under negotiation, one by one. On the demand side, demand side performance continues to be weak, industry purchasing enthusiasm is low, the overall atmosphere is weak, and the wait-and-see attitude remains unchanged. In terms of raw materials, the price of synthetic ammonia has been consolidated and put into operation, the supply of raw material phosphate rock has been tight and the price has continued to be high, and the cost side has continued to be firm. On the whole, the current market demand for monoammonium is flat, manufacturers are waiting for support and prices are firm under high costs. It is expected that the market price of monoammonium phosphate will continue to remain stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on December 19, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,590.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to be deadlocked. On the enterprise side, the current company's quotations are temporarily stable, and they continue to implement orders received in advance in the early stage. Quotations and orders are mostly suspended. A few prices are secretly adjusted to receive orders, and the actual transaction price is maintained under negotiation. In terms of the market, the market continued to operate calmly, with a general atmosphere, and transactions remained negotiated. On the demand side, downstream procurement enthusiasm continues to be weak, maintaining a small amount of just-needed procurement, and downstream wait-and-see attitude remains unchanged. In terms of raw materials, the price of synthetic ammonia fluctuates, with mixed prices. The supply of raw material phosphorus rock is still tight and the price is high, and the cost continues to be supported by high levels. Overall, the current purchasing atmosphere in the diammonium market is sluggish and transactions are flat. It is expected that the market price of diammonium phosphate will continue to be deadlocked in a short period of time.

Specific market prices in each region are as follows: