Phosphate fertilizer daily review: The market trend is weak and demand is still in a downturn (February 18)

Monoammonium phosphate price index:

According to Feiduo data, on February 18, the 55% powder index of China's monoammonium phosphate was 3,050.00, 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 and stable. In terms of enterprises, during the Spring Festival, the receipt of new orders by enterprises basically stagnated, the start-up load of equipment continued to decline, and supply and demand shrank simultaneously. In terms of the market, the market is in a holiday period, with a small number of players entering the market with little interest, and the overall market remains calm and wait-and-see state. On the demand side, industry demand is weak, transactions during the festival are weak, and demand is difficult to improve in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continue to remain stable. The price of synthetic ammonia remains stable after a continuous decline. The price of raw materials is stable and weak. Overall, the current monoammonium market continues flat, and the market price of monoammonium phosphate is expected to continue to be weak and stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on February 18, 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 are ready to support, and the current ex-factory prices are temporarily stable. In terms of the market, the trading atmosphere in the market during the festival was flat and there was no sign of recovery. It is expected that the market atmosphere will gradually recover in the later period. On the demand side, the downstream mentality continues to be cautious and wait-and-see. Downstream factories start slowly and receive limited quantities of goods. The demand side continues to be negative. In terms of raw materials, the prices of raw materials such as sulfur, synthetic ammonia, and phosphate rock are stable, and cost support is weak and stable. Overall, trading in the diammonium phosphate market is flat and the atmosphere is sluggish. It is expected that trading in the diammonium phosphate market will continue to be weak and prices will remain stable in the short term.

Specific market prices in each region are as follows: