Phosphate Fertilizer Daily Review: Poor market transactions and poor delivery prices continue to operate weak and stable (January 18)

Monoammonium phosphate price index:

According to Feiduo data, on January 18, the 55% powder index of China's monoammonium phosphate was 3,196.88, stable; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,416.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. On the enterprise side, some enterprises have introduced acquiring policies, the price center has shifted downward, low-end prices in the market continue to emerge, and actual transactions continue to be negotiated. In terms of the market, the atmosphere for goods delivery in the market is still sluggish, and the mentality of operators is mostly wait-and-see. On the demand side, the shipment of downstream compound fertilizers is poor, the demand is flat, and the market is generally following up. The current negative news continues, the pressure on downstream finished products inventory is increasing, and the enthusiasm for raw material procurement is weakening. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continued to decline, the prices of phosphate rock remained stable, and raw material support weakened. On the whole, the current monoammonium market is operating slowly, and downstream purchases are affected by poor shipments. It is expected that the market price of monoammonium phosphate will continue to decline in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on January 18, 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 3,530.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. On the enterprise side, corporate orders continue to be collected in batches. Most companies have acceptable orders to issue, and the current quotations are temporarily stable; upstream traders 'quotations are chaotic, and actual transactions continue to be dominated by negotiations. In terms of the market, the market sentiment is flat and it is difficult to improve in a short time. The atmosphere continues to operate weak. On the demand side, the winter storage market is advancing slowly, the trading atmosphere is light, and demand continues to be weak; downstream procurement enthusiasm is not good, and most people hold a wait-and-see attitude. In terms of raw materials, the prices of raw materials synthetic ammonia and sulfur have declined, the supply of phosphorus rock is still tight and the price is rising, and costs continue to decline. On the whole, the current diammonium market trading is sluggish, downstream procurement is slowing down, and we continue to wait and see. It is expected that the market price of diammonium phosphate will continue to stabilize and fall sharply in the short term.

Specific market prices in each region are as follows: