Phosphate Fertilizer Daily Review: Export news boosts downstream demand in the market and gradually releases (February 26)

Monoammonium phosphate price index:

According to Feiduo data, on February 26, 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 3,400.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to hold steady. On the enterprise side, companies continue to follow up on their new orders, and their quotations are stable. Low prices in the current market are hard to find, and their factory quotations may stabilize and try to rise. In terms of the market, the market inquiry atmosphere is okay, export news continues to drive the market atmosphere, the speculation atmosphere is strong, and the intention to move higher prices is strong. On the demand side, downstream compound fertilizer spring plowing and fertilizer preparation is about to be fully launched, and the demand from downstream factories will gradually be released, creating positive results. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the price of synthetic ammonia continued to rise, and the price range of raw materials was consolidated. Overall, the current market atmosphere for monoammonium is improving, downstream demand is gradually released, and the market price of monoammonium phosphate is expected to rise within a narrow range 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 26, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, down; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,527.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China declined slightly. On the enterprise side, there is still support for enterprises to go ahead. The current ex-factory price is stable. Pre-order orders continue to be shipped, and new orders are followed up one after another. In terms of the market, the market is operating steadily and improving. Driven by export news, there is a strong bullish atmosphere among industry operators. On the demand side, export news stimulates downstream purchasing mentality and enhances traders 'enthusiasm for preparing fertilizer. Winter storage market demand will gradually be released. However, the current terminal demand is still recovering slowly, and the overall wait-and-see attitude remains unabated. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are firm, the prices of synthetic ammonia fluctuate upward, and costs have increased within a narrow range. Overall, the current price of diammonium phosphate is stable, and downstream demand is more enthusiastic about replenishing. It is expected that the market price of diammonium phosphate will be consolidated in a short period of time.

Specific market prices in each region are as follows: