Daily review of phosphate fertilizer: The market for new orders and small amounts of phosphate fertilizer from enterprises before the holiday is weak (January 29)

Monoammonium phosphate price index:

According to Feiduo data, on January 29, 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, a small number of new orders were sold, and transactions continued to remain single. In terms of the market, market trading is limited and is gradually entering a state of priceless and no market, and the market continues to be weak. In terms of demand, downstream demand is limited to follow-up, compound fertilizer delivery is slow, inventory continues to increase, and industry capacity utilization continues to decline. Most factories are not willing to purchase raw materials before the holiday, and only a small amount just need to make up orders, and the overall enthusiasm for obtaining goods is low. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia have been consolidated downward, phosphate rock is operating firmly, and raw material prices are stable and fluctuating. On the whole, the current market demand for monoammonium is small and needs to be followed up, and the overall pre-holiday goods are small. 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 29, 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 stable. On the enterprise side, enterprises mainly carry out advance receipts, and most orders are pending until early March. The enterprise mentality is good, and actual transactions are mainly negotiated. In terms of the market, the market is weak and consolidating, the overall trading atmosphere is poor, and the industry has a strong wait-and-see atmosphere. On the demand side, there was just a small amount of follow-up, but the terminal demand for fertilizer harvesting was average, the demand was not strong, the performance was flat, and trading basically stalled. In terms of raw materials, raw materials sulfur and synthetic ammonia have been consolidated downward, the price of phosphate rock has remained stable, and costs have continued to be consolidated downward in a narrow range. On the whole, diammonium phosphate companies are currently fully prepared, and more advance receipts are implemented. The follow-up of new orders in the market is slow. It is expected that the market price of diammonium phosphate will continue to weaken in the short term.

Specific market prices in each region are as follows: