Phosphate fertilizer daily review: Demand continues to be weak, market wait-and-see sentiment remains unchanged (December 20)

Monoammonium phosphate price index:

According to Feiduo data, on December 20, the 55% powder index of China's monoammonium phosphate was 3,390.00, 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, factories continue to shrink, follow-up on new orders in the market is limited, companies have difficulty in acquiring orders, sales pressure on some factories is gradually increasing, and prices are gradually consolidating downward in a narrow range. In terms of the market, the market trading atmosphere continues to be weak, actual transactions remain under negotiation, and the price center of gravity has dropped. In terms of demand, the overall demand performance is still flat. Currently, downstream procurement demand is mainly high-nitrogen fertilizer, and the demand for phosphate fertilizer is small. In terms of raw materials, the price of synthetic ammonia continues to be consolidated and operated, the supply of raw material phosphate ore remains tight and the price is high, and the cost continues to be firm. On the whole, the current positive raw materials in the monoammonium market are weak and support is weak. It is expected that the market price of monoammonium phosphate will continue to maintain a stable and small decline in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on December 20, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,460.00, down; 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 declined slightly. On the enterprise side, most companies currently implement advance orders from China, and the ex-factory price has temporarily stabilized. Traders deliver goods in general, and the overall intention to increase prices is strong. In terms of the market, the market continues to consolidate, with upstream prices supporting, downstream wait-and-see, and the trading atmosphere remains weak. On the supply side, the market arrival volume is still insufficient. Some devices were stopped for maintenance late this month, and industry start-ups fell within a narrow range. The current supply is tight. On the demand side, downstream procurement enthusiasm is poor, demand is basically stagnant, operators 'wait-and-see attitude remains unchanged, and the trading atmosphere is flat, and only a small amount of procurement is maintained. In terms of raw materials, the price of synthetic ammonia fluctuated slightly, the supply of raw material phosphorus ore was still tight and the price was high. The cost fluctuated steadily and within a narrow range, and support remained strong. On the whole, the current shrinking market supply of diammonium is supported by positive support, with companies mainly supporting prices. However, downstream procurement is waiting and see, and 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: