Phosphate fertilizer daily review: Weak downstream demand performance and weak atmosphere (January 4)

Monoammonium phosphate price index:

According to Feiduo data, on January 4, the 55% powder index of China's monoammonium phosphate was 3,331.25, 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:

Today, the market price of monoammonium phosphate in China is stable. In terms of factories, manufacturers continue to process and suspend quotations. There is no clear quotation. There is a gap in the quotations of various factories, and the actual transaction continues to be negotiated. In terms of the market, the market trend is still relatively flat, with a small number of inquiries overall, and the atmosphere continues to run exhausted. On the demand side, downstream compound fertilizer production enthusiasm is low, demand for monoammonium is small, and the overall purchase price is low, and the mentality continues to wait and see. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have been consolidated and put into operation, the price of phosphorus rock is high, and the support of cost still exists. On the whole, the current raw materials in the monoammonium market are stable and volatile, the market price is not clear for the time being, and the downstream mentality continues to wait and see. It is expected that the market price of monoammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on January 4, the 64% particle index of China's mainstream diammonium phosphate was 3,868.33, stable; the 60% brown index was 3,460.00, stable; and the 57% content index was 3,547.50, stable.

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market prices are consolidated and put into operation. In terms of enterprises, enterprises have a large volume of shipments, and some of them will be shipped until the middle of next month. The current collection price is temporarily stable. Most advance orders are mainly executed, and actual transactions continue to be negotiated. In terms of the market, the market's buying atmosphere was light, the wait-and-see attitude remained unchanged, and the overall atmosphere was slightly deadlocked. On the demand side, the downstream market still has just needed it, but the enthusiasm for purchasing is still average. The overall mentality continues to wait and see, and the atmosphere for purchasing goods is dull. In terms of raw materials, the prices of synthetic ammonia and sulfur are fluctuating, the prices of phosphate rock are firm, and costs are still supported. On the whole, there are currently a large number of companies in the diammonium market, and the market sentiment continues to wait and see. The overall situation is in a game state. It is expected that the market price of diammonium phosphate will continue to consolidate and operate in a short period of time.

Specific market prices in each region are as follows: