Phosphate fertilizer daily review: Cost support weakens, winter storage market advances slowly (January 10)

Monoammonium phosphate price index:

According to Feiduo data, on January 10, the 55% powder index of China's monoammonium phosphate was 3,278.13, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,566.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of factories, most factories still have no clear quotations, and prices are falling steadily. The current market prices are chaotic, and the actual transaction remains a single negotiation. In terms of the market, the market trading atmosphere is weak, the trading volume of new orders is limited, some low-end prices still exist, the market center of gravity continues to fall, and real orders are limited. On the demand side, the performance of the demand side is still poor. Downstream compound fertilizer companies keep a certain amount of inventory, the market is slow, demand is sluggish, procurement enthusiasm is not high, and a small amount of on-demand goods are maintained. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have weakened and declined, while the price of phosphate rock has remained stable and cost support has weakened. On the whole, the current quotations of monoammonium companies are not clear for the time being, and the market price is chaotic when there is a small amount of demand. 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 10, 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 continues to hold steady. In terms of factories, manufacturers continue to ship winter storage orders in advance, with sufficient orders to be issued, and the current factory quotations remain stable; the quotations from upstream traders are quite chaotic, and actual transactions remain mainly negotiated in flexible manner. In terms of the market, the market trading atmosphere is general, and the wait-and-see attitude remains unchanged. On the demand side, the purchase of winter storage terminals continues to be delayed, the market is advancing slowly, and the demand side performance continues to be weak. In terms of raw materials, the prices of synthetic ammonia and sulfur continued to decline within a narrow range, while the supply of phosphorus ore was still tight and prices were rising, and cost support weakened. On the whole, diammonium manufacturers are currently sufficient to go, inventories are low, and market demand is insufficient to follow up. It is expected that the market price of diammonium phosphate will remain stable and low in a short period of time.

Specific market prices in each region are as follows: