Phosphate Fertilizer Daily Review: Most players stopped trading, weak market trading stabilized (February 7)

Monoammonium phosphate price index:

According to Feiduo data, on February 7, the 55% powder index of China's monoammonium phosphate was 3,050.00, 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 continued to decline slightly. In terms of enterprises, some devices in the industry have reduced production and stopped, and supply continues to shrink. Currently, there is basically no follow-up on actual orders, and there has been no change in company quotations. Some enterprises continue to implement minimum guarantee policies. In terms of the market, the market maintained a calm operation, the overall performance was calm, the trading atmosphere was calm, and it had entered a no-market state. On the demand side, as the Spring Festival is approaching, most operators have delisted from the market and waited to see. Demand has stagnated. Most downstream manufacturers have already had holidays one after another, and trading operations have ended. 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. Overall, the current monoammonium market continues flat before the holiday, and the monoammonium phosphate market price is expected to remain stable before the holiday in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on February 7, 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, enterprises continue to implement advance receipts. The ex-factory price has not changed yet, and the construction is temporarily stable. The overall supply and demand are relatively tight. At present, most of them focus on spring plowing to ensure supply. In terms of the market, the market was temporarily stable, with a small amount of market trading and the atmosphere became dimmer. On the demand side, as the festival approaches, terminal demand has basically stagnated. Many operators have gradually delisted from the market. Downstream traders are mainly waiting for the market to start after the holiday. 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. Overall, the diammonium phosphate market is stable before the holiday. It is expected that the diammonium phosphate market will be weak and the price will remain stable in the short term.

Specific market prices in each region are as follows: