Phosphate Fertilizer Daily Review: Weak cost support, weak market consolidation and operation (January 15)

Monoammonium phosphate price index:

According to Feiduo data, on January 15, the 55% powder index of China's monoammonium phosphate was 3,268.13, 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 continues to hold steady. On the enterprise side, the transaction volume of new orders is limited, and most of them continue to advance shipments in advance, suspend quotations, and there is no new price in the market. In terms of the market, the market continues to operate weakly. In the atmosphere of sluggish trading, the focus of transactions still declines. On the demand side, follow-up on downstream demand is still insufficient, and the purchasing mentality continues to wait and see. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have continued to fall, the prices of phosphate rock have continued to remain stable, and cost support has been weak. On the whole, at present, monoammonium companies are dealing with more things, operators are mostly holding a wait-and-see attitude, and the market atmosphere is deadlocked. It is expected that the market price of monoammonium phosphate will continue to stabilize and fall sharply in the short term, putting upward pressure.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on January 15, the 64% particle index of China's mainstream diammonium phosphate was 3,860.00, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,542.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to hold steady. On the factory side, the factory continues to ship and advance orders for winter storage. Currently, there are sufficient orders, prices remain stable, traders 'bids appear chaotic, market negotiation space has increased, and actual transactions continue to remain a single negotiation. In terms of the market, the market continues to operate weakly, the trading atmosphere is light, deals continue to be negotiated, and operators are pessimistic. On the demand side, downstream terminals are still not enthusiastic about buying fertilizer, their intention to cover positions is weak, and their enthusiasm for purchasing is not high. 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 cost support is weakening. On the whole, at present, the diammonium plant is in full swing, prices are stable, downstream procurement intentions are weak, and the market is operating in a weak position. It is expected that the market price of diammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows: