Phosphate fertilizer daily review: Demand has not yet been released, export news drives the market (March 4)

Monoammonium phosphate price index:

According to Feiduo data, on March 4, 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, manufacturers have followed up on new orders, and some factories have already received full orders in March. The current mentality is optimistic, and manufacturers have stopped selling or are reluctant to sell more. On the market side, the market has a strong speculative atmosphere, and prices continue to push up. Under the influence of export policies, traders 'trading confidence has been boosted. On the demand side, there is still a raw material gap for downstream compound fertilizer companies, and the improvement in demand is relatively limited. Currently, they are in need of procurement and have weak enthusiasm for raw material procurement. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated slightly, the price of synthetic ammonia continued to increase, and the price of raw materials was consolidated. On the whole, the current export news in the monoammonium market has driven the market trading atmosphere, and the bullish sentiment of the industry has been high and confidence has been boosted. It is expected that the market price of monoammonium phosphate will stabilize and increase in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 4, the 64% particle index of China's mainstream diammonium phosphate was 3,846.67, 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 is consolidating. On the enterprise side, the ex-factory price of enterprises continues to remain stable, and the industry continues to operate at a high level. In terms of the market, under the influence of export news and tight supply and demand, the market mentality is better, the bullish atmosphere is strong, traders are more motivated to prepare for fertilizer, expectations are good, and the market has no significant fluctuations in the short term. In terms of demand, centralized terminal procurement has not yet occurred, and it is just in need of careful follow-up. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fell within a narrow range, while the price of synthetic ammonia continued to increase, and costs strengthened. On the whole, the current inventory of diammonium enterprises is still low, and the follow-up of terminal demand is still slow. It is expected that the market price of diammonium phosphate will continue to remain stable in the short term.

Specific market prices in each region are as follows: