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Phosphate fertilizer daily review: Upstream costs are deadlocked and downstream demand is still weak (December 26)

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December 26, 2023, 4:02 PM

Monoammonium phosphate price index:

According to Feiduo data, on December 26, the 55% powder index of China's monoammonium phosphate was 3,379.38, 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, the number of factories to be shipped continues to shrink, traders 'mentality is unstable, low-end prices continue to emerge, market prices appear chaotic, and actual transactions remain under negotiation. In terms of the market, new orders in the market were weak, trading performance was poor, and trading remained flat. On the demand side, downstream demand is weak, the market's cargo atmosphere is general, industrial demand for compound fertilizers is still weak, operating rates have declined recently, and the market lacks demand to follow up. In terms of raw materials, the prices of raw materials synthetic ammonia and sulfur continue to increase slightly, while the supply of phosphorus ore is still tight and the price is high, and the cost is high and stable. Overall, the current monoammonium market remains weak, with limited transactions in new orders, and market prices appear chaotic. It is expected that the market price of monoammonium phosphate will continue to maintain a stable and minor trend in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on December 26, the 64% particle index of China's mainstream diammonium phosphate was 3,871.67, 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, factories have sufficient advance orders. They mainly implement pre-orders and actively ship pre-orders. Although the current shipment prices of traders have loosened within a narrow range, they are still higher than the ex-factory price of enterprises. In terms of the market, goods in the market are generally traded, the trading atmosphere continues to be dull, 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, downstream demand for winter reserves is still weak, the atmosphere for goods delivery is general, and the wait-and-see attitude remains unabated. In terms of raw materials, the prices of synthetic ammonia and sulfur continue to rise slightly, the prices of raw material phosphorus rock remain firm, and costs are still supported. On the whole, the current market demand for diammonium is weak, and the cargo atmosphere is general. 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: