Daily review of phosphate fertilizer: monoammonium trading improved and diammonium stocks were low (February 29)

Monoammonium phosphate price index:

According to Feiduo data, on February 29, 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 continues to hold steady. In terms of factories, some factories have maintained restrictions on taking orders or suspended sales, and are reluctant to sell. Most of the current quotations have increased, and the actual transaction focus is gradually shifting upward. In terms of the market, there is a strong upward trend in the market. The current trend is stable, and the industry remains on the sidelines. On the demand side, traders have increased their enthusiasm for preparing fertilizers. Downstream compound fertilizer factories have limited raw material procurement, and procurement needs have been maintained. The start-up of downstream factories is still increasing, and terminal demand procurement needs to be restored. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated slightly, the price of synthetic ammonia continued to rise, and the price of raw materials remained stable. On the whole, the current market atmosphere for monoammonium is good, and the price still has room for upward growth. It is expected that the market price of monoammonium phosphate will continue to move upward in 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 29, 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, enterprises continue to ship advance orders in the early stage. Currently, enterprises have limited inventories, which is positive, and their quotations are stable and wait and see. In terms of the market, with low inventories, operators are bullish on the future outlook and have positive expectations. The current market is mainly stable, and transaction prices remain stable. In terms of demand, terminal agricultural demand is generally followed up, and winter storage is still advancing, and the cargo atmosphere is temporarily stable; labor demand is slowly followed up, and the purchasing enthusiasm of downstream factories has slowed down, and follow-up is not smooth. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the price of synthetic ammonia increased within a narrow range, and costs were operating firmly. On the whole, although the inventory of diammonium companies is currently low, downstream demand has not been released yet. It is expected that the market price of diammonium phosphate will be stable and consolidated in a short period of time.

Specific market prices in each region are as follows: