Phosphate fertilizer daily review: Cost support rises, market is stable and adjusted within a narrow range (March 6)

Monoammonium phosphate price index:

According to Feiduo data, on March 6, China's 55% powder index of monoammonium phosphate was 3,100.00, rising; the 55% particle index was 3,150.00, falling; and the 58% powder index was 3,433.33, rising.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been adjusted upwards. In terms of factories, manufacturers have shipped more orders to be issued, but the quotation has not changed significantly, and actual transaction negotiations are the main focus. In terms of the market, the overall market turnover was average, and most operators held a wait-and-see attitude, and the market was temporarily operating steadily. In terms of demand, downstream companies continue to maintain on-demand procurement, shipments of compound fertilizer factories have improved, demand continues to be released, and current follow-up on new orders is limited. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been slightly adjusted, while the price of synthetic ammonia has continued to rise, and cost support has increased. Overall, companies in the monoammonium phosphate market are currently waiting for support, raw material prices are rising, and demand is following up on demand. It is expected that the market price of monoammonium phosphate will continue to consolidate in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 6, the 64% particle index of China's mainstream diammonium phosphate was 3,855.00, 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 stable and stable. On the enterprise side, there is no fluctuation in the company's quotation. During the continuous shipment, the actual transaction is still mainly negotiation. In terms of the market, the supply of goods in the market is tight, factory quotations are firm, and industry bullish sentiment still exists. On the demand side, as the fertilizer use period approaches, demand for goods has improved. Some downstream areas just need to follow up. The demand for terminal fertilizer purchases has increased slowly, and the mentality is still cautious. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are firm, while the price of synthetic ammonia continues to increase, and the support for costs remains strong. On the whole, the current supply of diammonium in the market is tight, and downstream demand is still needed. Under the influence of high prices, a small amount of replenishment is maintained. It is expected that the market price of diammonium phosphate will temporarily stabilize in a short period of time.

Specific market prices in each region are as follows: