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Phosphate fertilizer daily review: Pre-holiday demand is difficult to change, market conditions are weak (January 30)

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January 30, 2024, 3:14 PM

Monoammonium phosphate price index:

According to Feiduo data, on January 30, the 55% powder index of China's monoammonium phosphate was 3,100.00, down; 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 is weak and downward. On the enterprise side, manufacturers have insufficient follow-up on new orders, and enterprises 'inventories continue to increase. As the Spring Festival holiday approaches, some enterprises have stopped their equipment and reduced production. There are expectations for a reduction in supply. Currently, there are no clear quotations, transactions continue to be negotiated, and the market is gradually entering a priceless market. No market. In terms of the market, trading in new orders in the market was sluggish, and overall demand was flat. On the demand side, downstream procurement mentality is wait-and-see. Demand is weak before the holiday, making it difficult for the market to change. Downstream compound fertilizer companies have limited follow-up on new orders, stopping more stops to reduce production and protect prices, and purchasing small amounts of raw materials. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia are stable and fluctuating, phosphate rock is operating strongly, and raw material price support is weak. On the whole, the current pre-holiday trading atmosphere in the monoammonium market is deserted, and 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 30, 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. In terms of enterprises, most companies have sufficient sales. As the Spring Festival approaches, the domestic trading atmosphere is becoming increasingly dull. Currently, follow-up of new orders is limited. Enterprises issue pre-sales in the early stage, and negotiation of new orders is mainly based on new orders. In terms of the market, the market is running flat, follow-up on new orders is limited, and the overall trading atmosphere is poor. On the demand side, downstream demand has not improved, wait-and-see sentiment is still strong, market fluctuations are limited, and demand is unlikely to change in the short term. In terms of raw materials, the trading center of raw materials sulfur and synthetic ammonia continues to move downward, phosphate rock prices remain stable, and cost support weakens. On the whole, although diammonium companies are currently limited in following up on a small number of new orders, they have sufficient orders received in advance in the early stage, and the company's mentality is firm. It is expected that the market price of diammonium phosphate will be mainly weakened in the short term.

Specific market prices in each region are as follows: