Phosphate fertilizer daily review: Demand continues to be weak and trading atmosphere is weak (December 21)

Monoammonium phosphate price index:

According to Feiduo data, on December 21, 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, manufacturers continue to shrink. Current prices are stable. Most of them have suspended quotations. Transactions remain on a single negotiation. Traders ship at low prices, which is inverted with factory prices, and market prices appear to be chaotic. In terms of the market, the trading atmosphere continues to be dull, with limited trading on new orders, and sales pressure on manufacturers continues to increase. On the demand side, agricultural fertilizer preparation is not enthusiastic; industrial downstream compound fertilizer demand is weak, there are signs of decline in start-up, and raw material purchases are small. In terms of raw materials, the price of synthetic ammonia has increased in a narrow range, the supply of raw material phosphate ore has remained tight and the price is still high, and the cost is stable. On the whole, the current market price of monoammonium is chaotic, and it is expected that the market price of monoammonium phosphate will continue to maintain a large stability and a 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 21, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,460.00, 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 is stable. In terms of factories, when manufacturers continued to ship orders in advance in the early stage, traders were slow to deliver goods and continued to hold prices. The actual transactions were mostly negotiated. In terms of supply, the construction of the diammonium industry has declined within a narrow range, and the arrival of goods in the winter storage market is still small, and the supply of goods is tight. On the demand side, the agricultural winter storage market is advancing slowly and demand performance is weak; the downstream industrial procurement atmosphere is general, and a small amount of procurement is just needed. In terms of raw materials, the price of synthetic ammonia has an upward trend. The supply of raw material phosphorus rock is still tight and the price is high, and the cost support is still strong. On the whole, the current market supply of diammonium is well supported, and the market price of diammonium phosphate is expected to be firm and consolidated in a short period of time.

Specific market prices in each region are as follows: