Daily review of phosphate fertilizer: Downstream needs and still exists, and good demand is gradually being released (February 28)

Monoammonium phosphate price index:

According to Feiduo data, on February 28, the 55% powder index of China's monoammonium phosphate was 3,076.25, 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 is stable. In terms of factories, manufacturers have a better mentality, a higher willingness to bullish, and are reluctant to sell. The current focus of transactions has shifted upward, and prices continue to maintain a stable and moderate increase. In terms of the market, the market has a strong bullish atmosphere, an active atmosphere, and a positive trend. In terms of demand, downstream compound fertilizer shipments have shown an increasing trend. Although the current market has not shown a significant improvement, raw material procurement is still relatively limited, and a small amount of on-demand procurement is maintained, the benefits of downstream factories are still being released, and the market needs to be improved. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the prices of synthetic ammonia continued to rise, and the prices of raw materials fluctuated slightly. Overall, the current positive situation in the monoammonium market is gradually being released, and the market price of monoammonium phosphate is expected to continue to consolidate in a narrow range in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on February 28, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, stable; 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 remains stable. On the enterprise side, the enterprise continues to ship pre-received orders, but there is no inventory and sales pressure, and the quotation is stable. In terms of the market, social inventories are currently low, the market is operating steadily and consolidating, and the market continues to rise in a narrow range. On the demand side, downstream demand is not well followed up, procurement enthusiasm in the mainstream market has slowed down, farmers 'willingness to purchase is recovering, local industrial demand has followed up, and demand is gradually being released. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are firm, and the price of synthetic ammonia has increased within a narrow range, and costs are still supported. On the whole, the current diammonium market is still in need of winter storage, and the market supply is tight. It is expected that the market price of diammonium phosphate will stabilize and increase in a short period of time.

Specific market prices in each region are as follows: