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Phosphate fertilizer daily review: Demand continues to be weak, market prices are deadlocked (December 27)

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December 27, 2023, 2:32 PM

Monoammonium phosphate price index:

According to Feiduo data, on December 27, 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, factory owners implemented pre-shipment orders and suspended quotations, but no new prices were made. The current shipment volume continues to shrink, and prices for downstream customers have dropped secretly. In terms of the market, the market continues to operate in a weak manner, with poor transactions and limited follow-up of actual orders. On the demand side, downstream compound fertilizer companies are not enthusiastic about purchasing, and demand is still sluggish. In terms of raw materials, the prices of synthetic ammonia and sulfur as raw materials have fluctuated, and the supply of phosphate rock remains tight, and the cost is high and stable. On the whole, there is currently no clear quotation in the monoammonium market, downstream purchases are cautious, and actual transactions are mostly negotiated. It is expected that the market price of monoammonium phosphate will continue to maintain a large, 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 27, 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 3,567.50, falling.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. In terms of factories, the factory has sufficient advance orders, and most of them are ready to be issued near the end of January. The current factory quotation is stable, the mentality is firm, and there is no inventory and sales pressure. 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 supply of the diammonium industry is still tight, and a small amount of goods has arrived in the market, which has certain positive support for prices. On the demand side, the downstream procurement enthusiasm of Winter Reserve is average, the wait-and-see attitude remains unchanged, and procurement follow-up is slow. In terms of raw materials, the prices of synthetic ammonia and sulfur are fluctuating, and the prices of raw material phosphorus rock are firm, and costs are still supported. On the whole, the current supply reduction in diammonium market is positive, but downstream demand is slow to follow up. It is expected that the market price of diammonium phosphate will continue to stabilize and consolidate in a short period of time.

Specific market prices in each region are as follows: