Phosphate fertilizer daily review: Phosphate fertilizer market is trading well and prices are stable and upward (March 7)

Monoammonium phosphate price index:

According to Feiduo data, on March 7, the 55% powder index of China's monoammonium phosphate was 3,118.75, stable; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,433.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of factories, most manufacturers execute pending orders, and most of the current quotations are stable. Some manufacturers suspend quotations. They have an obvious reluctance to sell and actually maintain negotiations. In terms of the market, there has been no significant change in the market. Trading is average and more wait-and-see. In the short term, operators are still concerned about the export policy situation. On the demand side, downstream demand continues to maintain a small amount of on-demand procurement. Recently, downstream search for orders and replenishment has increased, but overall it is still cautious about purchasing high-priced raw materials. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been slightly adjusted, and the price of synthetic ammonia has continued to increase, with strong cost support. On the whole, monoammonium companies are currently ready to support, raw material support is strong, and demand still has room for improvement. It is expected that the market price of monoammonium phosphate will remain stable and narrow 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 7, 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 remains stable. On the enterprise side, the company's quotations are stable and no new prices have yet been made. The current supply of goods is tight, and the company's mentality of reluctant sales is evident. In terms of the market, the market is running steadily. Goods shipments have improved recently, and the atmosphere is good. In addition, export news has boosted the market and the confidence of the industry has increased. On the demand side, as the fertilizer use period is approaching, downstream replenishment is made on demand, and procurement is followed up in an orderly manner. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been slightly adjusted, the price of synthetic ammonia has continued to increase, and costs have continued to rise. On the whole, the current supply of diammonium in the market is tight, and downstream just needs to follow up in an orderly manner. It is expected that the market price of diammonium phosphate will continue to remain high in the short term.

Specific market prices in each region are as follows: