Phosphate fertilizer daily review: Weak follow-up on demand and continued weak and stable operation (February 1)

Monoammonium phosphate price index:

According to Feiduo data, on February 1, 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, monoammonium companies have poor shipments, corporate inventory pressure continues to increase, prices in some factories continue to fall secretly, and actual receipts are still small. In terms of the market, the market remains weak and trading remains low. Currently, low market prices continue to appear, and industry operators are more wait-and-see. On the demand side, the downstream procurement mentality continues to wait and see. As the Spring Festival approaches, some downstream compound fertilizer companies reduce equipment loads or stop vehicles. Coupled with the gradual restrictions on transportation, their willingness to purchase raw materials has gradually become dull, and actual orders are limited. In terms of raw materials, the price of raw material sulfur rose slightly, the price of synthetic ammonia continued to decline, the price of phosphate rock remained firm, and the support of raw materials was weak. On the whole, the current monoammonium market trading continues to be weak and is difficult to improve 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 February 1, 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 company's ex-factory quotation remains unchanged, and it continues to implement advance receipt, with a small amount of pre-supply mainly being distributed. In terms of the market, the market performance was flat, and the pre-holiday demand atmosphere was still weak. As the holiday approaches, downstream follow-up basically stalled, and the ammonium phosphate market continues to be weak. On the demand side, as the Spring Festival approaches, terminal procurement enthusiasm is not good, and there is a limited amount of follow-up on the demand of workers and farmers. It is difficult to change the demand before the festival. In terms of raw materials, the price of raw material sulfur continues to rise, the price of synthetic ammonia declines, phosphate rock remains firm, and raw material support is weak. On the whole, diammonium phosphate companies are ready to support, with a small number of new orders following up before the holiday, and the mood continues to be weak. 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: