Phosphate Fertilizer Daily Review: Insufficient follow-up market demand, industry starts to decline (December 28)

Monoammonium phosphate price index:

According to Feiduo data, on December 28, 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, most factories secretly dropped their prices by a small amount during the process of executing orders to be issued in the early stage. Currently, external quotations are suspended and no new prices have been made. In terms of the market, the market trend continues to be weak, new orders are insufficient, prices are chaotic, and industry starts have declined amid sluggish demand. On the demand side, under the influence of the market conditions of downstream compound fertilizer companies, demand follow-up is insufficient and procurement mentality is wait-and-see. In terms of raw materials, the prices of raw materials synthetic ammonia and sulfur fluctuated, the supply of phosphate rock remains tight, and the cost price is firm. On the whole, the operating rate of the monoammonium phosphate market has dropped significantly, the market is cautious in purchasing, and demand is following and waiting. It is expected that the market price of monoammonium phosphate will continue to stabilize and fall slightly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on December 28, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. In terms of factories, factories often carry out advance orders. When sufficient orders are issued, the manufacturers 'quotations are stable and their mentality is strong. In terms of the market, market transactions were dull, procurement by industry operators was sluggish, and the atmosphere continued to be deadlocked. On the supply side, the construction of the diammonium industry has declined, and the market supply is tight. On the demand side, downstream demand for winter storage is weak, procurement mentality is cautious, and wait-and-see attitude is strong. 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, although the diammonium market continues to decline at present, the market demand is weak. 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: