Phosphate fertilizer daily review: Cost downward adjustment Market demand is still weak (January 9)

Monoammonium phosphate price index:

According to Feiduo data, on January 9, the 55% powder index of China's monoammonium phosphate was 3,278.13, down; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,566.67, down.

Monoammonium phosphate market analysis and forecast:

Today, China's monoammonium phosphate market is in operation, and prices are clearly stable and falling. In terms of factories, most manufacturers execute pending orders, but there is no clear quotation, and prices appear to be chaotic. Low-end prices continue to appear among some traders and small factories, and actual transactions are still mainly negotiated. In terms of the market, the market trading atmosphere is still weak, with limited transactions for new orders, and a small amount of goods just needed to be shipped, and the transaction atmosphere is average. On the demand side, downstream compound fertilizer raw materials are less enthusiastic, and only a small amount of goods are obtained on demand. The demand side continues to wait and see. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia fluctuated downward, the price of phosphate rock remained stable, and the cost fluctuated. On the whole, the current implementation of the monoammonium phosphate factory is pending, the quotation is not clear yet, and a small amount of goods is available in the market. 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 9, the 64% particle index of China's mainstream diammonium phosphate was 3,863.33, 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, the market price of diammonium phosphate in China is stable. In terms of enterprises, there is sufficient demand for enterprises, current social inventories are low, traders 'quotations are chaotic, and market prices are stable and have been consolidated downward in a narrow range. In terms of the market, the market trading atmosphere is general, and we continue to wait and see. Most transactions are mainly negotiated, which is relatively flexible. On the demand side, the winter storage market is slowly advancing, the demand side is weak, downstream compound fertilizer factories have weak purchasing intentions, and the wait-and-see attitude remains unabated. In terms of raw materials, the prices of synthetic ammonia and sulfur fell within a narrow range, while the supply of phosphorus ore remained tight and the price increased, and cost support weakened. On the whole, the current quotations of diammonium manufacturers are chaotic, the demand performance is weak, and the market wait-and-see attitude remains unabated. It is expected that the market price of diammonium phosphate will continue to be stable and stable in the short term.

Specific market prices in each region are as follows: