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Phosphate fertilizer daily review: A small number of new orders are followed up before the holiday, and the market is weak and difficult to change (January 31)

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January 31, 2024, 2:31 PM

Monoammonium phosphate price index:

According to Feiduo data, on January 31, the 55% powder index of China's monoammonium phosphate was 3,100.00, 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, China's monoammonium phosphate market price is weak. On the enterprise side, sales of the ammonium monoamine factory have increased, supply of goods lacks flow, new orders are weak, and actual transactions continue to be negotiated. In terms of the market, the market remained weak. As the Spring Festival holiday approached, some logistics operations entered a state of suspension, and the overall transaction atmosphere was flat. On the demand side, the downstream wait-and-see atmosphere is strong. Compound fertilizer companies have poor delivery of finished products, inventories continue to increase, equipment starts to continue to reduce loads, and enthusiasm for raw material procurement has weakened. In terms of raw materials, the price of raw material sulfur rebounded, the price of synthetic ammonia fell, phosphate rock continued to be strong, and raw material support was weak. On the whole, the overall demand in the monoammonium market is currently weak, and the industry has a strong wait-and-see attitude. It is difficult to change before the holiday. 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 31, 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, the enterprise continues to execute pending orders, and some of them have been received in advance to near early March, with sufficient quantities to be issued. The current ex-factory price of the enterprise has not changed significantly, and the construction has remained stable compared with the previous period. In terms of the market, the market is running flat and the goods are in general, and it is difficult to change before the holiday. On the demand side, as the Spring Festival holiday approaches, the downstream purchasing atmosphere is becoming increasingly light, the wait-and-see attitude is strong, and the demand for raw materials is flat. In terms of raw materials, the price of raw material sulfur rebounded, the price of synthetic ammonia fell, phosphate rock continued to be strong, and raw material support was weak. On the whole, diammonium companies have sufficient pre-received orders to be issued in the early stage. Currently, they mainly carry out the shipment of pre-received orders, and it is difficult to improve the follow-up before the festival and downstream. 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: