Phosphate fertilizer daily review: Cost support weakens and market continues to operate in a weak position (January 11)

Monoammonium phosphate price index:

According to Feiduo data, on January 11, 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. On the enterprise side, some companies still hold a small number of pending orders and suspend quotations. Currently, pending orders have been reduced, corporate inventories have increased, trader prices remain chaotic, and actual transactions have been negotiated. In terms of the market, the trading volume of new orders in the market is limited, trading is insufficient, and the center of gravity is still declining. The overall operation remains weak. The current supply of low-priced goods still exists. In terms of demand, the overall demand performance is still poor. Downstream compound fertilizer companies are slow to deliver goods, demand for raw materials is weak, and procurement enthusiasm is weak. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continued to decline, the price of phosphate rock temporarily stabilized, and cost support weakened. Overall, the current trading in the monoammonium market is sluggish, and the market price of monoammonium phosphate is expected to continue to consolidate downward in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on January 11, 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, the factory owner has sufficient advance orders for shipment of winter storage, and the ex-factory quotation remains stable; traders 'quotations are quite chaotic, prices are flexibly adjusted, and actual transaction negotiations are the main focus. In terms of the market, the market trading atmosphere continued to be dull, with a strong wait-and-see attitude, and the overall stalemate appeared overall. On the demand side, the time for industry operators to purchase terminals and buy fertilizer continues to be delayed, and the demand side is weak. In terms of raw materials, the prices of synthetic ammonia and sulfur continue to be consolidated downward, while the supply of phosphorus ore is still tight and the price is rising, and costs fluctuate. On the whole, at present, the diammonium factory is currently in full swing, the transaction price remains under negotiation, and market demand continues to be weak. It is expected that the market price of diammonium phosphate will continue to remain stable and low in the short term.

Specific market prices in each region are as follows: