< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Phosphate fertilizer daily review: weak demand and weak market consolidation (December 25)

92,079
December 25, 2023, 2:58 PM

Monoammonium phosphate price index:

According to Feiduo data, on December 25, the 55% powder index of China's monoammonium phosphate was 3,379.38, 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:

The market price of monoammonium phosphate in China dropped slightly today. In terms of factories, the factory's order receiving situation is not ideal, and the number of orders to be issued continues to shrink. The current sales pressure is gradually emerging. Some factories have gradually lowered their quotations, prices have dropped secretly, and the actual transaction remains under negotiation. In terms of the market, the market atmosphere continues to be weak, the trading atmosphere is weak, the follow-up of new orders is limited, and the current negative impact. On the demand side, the downstream procurement mentality continues to wait and see, and the demand side is still weak, and good signals have not been released yet. In terms of raw materials, the prices of raw materials synthetic ammonia and sulfur have increased slightly, while the supply of phosphorus ore is still tight and the price is high, and the cost is large and stable. On the whole, the current monoammonium market is weak and the support of good costs is weak. It is expected that the market price of monoammonium phosphate will continue to maintain a stable and moderate trend in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on December 25, the 64% particle index of China's mainstream diammonium phosphate was 3,871.67, down; 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 loosened and lowered slightly. In terms of factories, factory prices have stabilized and fluctuated within a narrow range. Currently, factories have traded a small number of new orders, and most of them continue to collect orders in batches. Upstream traders have lowered their quotations and shipped goods, but actual transactions are limited. In terms of the market, the market is generally stocked, and the atmosphere is deadlocked and running. In terms of supply, the start-up of units in the diammonium industry is still showing a downward trend, resulting in slow market arrival and tight supply. On the demand side, demand for winter reserves continues to be weak, agricultural demand has basically stagnated, industry operators have a strong wait-and-see attitude, and the demand side is temporarily weak. In terms of raw materials, the prices of synthetic ammonia and sulfur continued to rise slightly, while the prices of raw material phosphorus rock remained firm, with strong cost support. On the whole, although a small amount of goods has arrived in the diammonium market, the market demand is small. It is expected that the market price of diammonium phosphate will be stable and consolidated in a short period of time.

Specific market prices in each region are as follows: