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Phosphate Fertilizer Daily Review: New orders follow up limited market atmosphere is weak (January 25)

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January 25, 2024, 3:09 PM

Monoammonium phosphate price index:

According to Feiduo data, on January 25, the 55% powder index of China's monoammonium phosphate was 3,137.50, stable; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,383.33, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be weak. On the enterprise side, companies currently receive a small number of orders and have no new quotations, and transactions continue to be negotiated. In terms of the market, the market trend is still weak, the overall wait-and-see mood is widespread, and there is a price for trading but no market. On the demand side, demand is poor, transactions are negotiated, downstream demand is weak, follow-up on new orders of compound fertilizers is insufficient, shipment is slow, sales are under pressure, factory equipment operating rates continue to decline, and enthusiasm for purchasing raw materials is weak. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have been consolidated and operated, the overall phosphorus rock has remained stable, and the prices of raw materials have been adjusted within a narrow range. On the whole, the current monoammonium market trading is still weak, and the demand side is unlikely to change in the short term. It is expected that the market price of monoammonium phosphate will continue to be weak in a narrow range in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on January 25, the 64% particle index of China's mainstream diammonium phosphate was 3,851.67, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,522.50, stable.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is slightly consolidated. On the enterprise side, new orders have been followed up, and most of them are pending until around the beginning of March. Currently, advance orders are sufficient, and factory prices have limited fluctuations; the holders have made a small number of transactions, their mentality is unstable, and the quotations are chaotic. The actual transactions are still mainly negotiated. In terms of the market, the market trading atmosphere continues to be light, and the overall wait-and-see atmosphere is strong. On the demand side, market demand is running flat, and a small amount of downstream needs to follow up. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia are weak and volatile, while the prices of phosphate rock are stable and cost support is insufficient. On the whole, diammonium phosphate companies are currently in full swing, price changes are small, and downstream follow-up is slow. 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: