Phosphate Fertilizer Daily Review: Market trading is flat and gradually entering a priceless and market-free state (February 6)

Monoammonium phosphate price index:

According to Feiduo data, on February 6, the 55% powder index of China's monoammonium phosphate was 3,068.75, 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:

China's monoammonium phosphate market fell slightly today. In terms of enterprises, some ammonium monoamine companies are taking orders at low prices. Most manufacturers have entered the holiday season, with only a small amount of early supply shipping, and their operations remain flat before the holiday. In terms of the market, the market trading atmosphere is dull and it is difficult to change before the holiday. On the demand side, spring is approaching, and downstream procurement enthusiasm is average. Most of the purchases from traders and downstream factories have entered the holiday period, and demand remains weak and wait-and-see in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the prices of synthetic ammonia continued to decline, and costs were consolidated downward. On the whole, the current market demand for monoammonium is weak, with a small amount of operations before the holiday. It is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on February 6, 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 of them are waiting until early March, with sufficient shipment volume and no fluctuations in ex-factory quotations. Currently, most companies mainly focus on ensuring supply, and their supply remains stable. In terms of the market, the market trading atmosphere is light, the festive atmosphere is strong, and the market fluctuations before the holiday are limited. On the demand side, downstream and terminal procurement is rare, and most operators have entered the holiday season, so demand has been suspended. In terms of raw materials, the price of raw material sulfur continues to rise, the price of synthetic ammonia continues to drop, phosphate ore remains firm, and cost support is insufficient. On the whole, as the holiday approaches, market procurement has stabilized, and the overall situation has entered a priceless and market-free state. It is expected that the market price of diammonium phosphate will remain stable and consolidated in a short period of time.

Specific market prices in each region are as follows: