Phosphate fertilizer daily review: Market demand continues and operating rates in weak industries decline (January 2)

Monoammonium phosphate price index:

According to Feiduo data, on January 2, 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 continues to hold steady. In terms of factories, manufacturers have gradually reduced their advance orders, but follow-up on new orders is still weak. The quotations of some factories have secretly dropped. The current market prices are chaotic, and actual transactions continue to be negotiated. In terms of the market, the market trading atmosphere is relatively light and the focus of transactions is relatively chaotic. On the supply side, some units in the monoammonium industry have reduced production or even stopped operations, resulting in a decline in daily production and a reduction in supply. On the demand side, the downstream purchasing mentality continues to wait and see, and the enthusiasm for obtaining goods is still poor. In terms of raw materials, the price of raw material synthetic ammonia fell, the price of phosphate rock remained stable, and the price on the cost side remained deadlocked. On the whole, the current trading atmosphere in the monoammonium market is poor, the demand has not been significantly followed up, and the industry's start-up has declined. It is expected that the market price of monoammonium phosphate will continue to be weak and downward in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on January 2, 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 continues to hold steady. On the enterprise side, multiple owners of the enterprise have implemented advance receipts in the early stage, and currently there is sufficient demand; traders have increased their willingness to ship, and some quotations have been lowered within a narrow range. In terms of the market, the market moves slowly and runs flat. On the supply side, the operating rate of the diammonium industry has dropped significantly, and the tight supply of goods has certain benefits. On the demand side, the downstream winter storage market is in a depressed mood, with a cautious purchasing mentality and a strong wait-and-see attitude. In terms of raw materials, the price of synthetic ammonia has declined, the price of phosphate rock has remained firm, and costs are still supported. On the whole, the current supply of some sources in the diammonium market is tight, the market goods are average, and downstream demand is sluggish. It is expected that the market price of diammonium phosphate will continue to be stable and low in the short term.

Specific market prices in each region are as follows: