Phosphate Fertilizer Daily Review: Market demand follows up with price consolidation (March 12)

Monoammonium phosphate price index:

According to Feiduo data, on March 12, 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 and running. In terms of factories, factories are mainly waiting for orders in advance, and continue to carry out pre-received orders, suspend quotations and orders receiving, and the actual transaction is only negotiated. With the support of waiting orders, manufacturers are mostly firm on prices. In terms of the market, the market maintained stable operation, the overall trading atmosphere was average, and it was consolidating for a short period of time. On the demand side, the enthusiasm of the spring plowing market for fertilizer preparation has increased, farmers 'needs have followed up, and labor needs have maintained on-demand purchases. The overall high-priced transactions have been weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been stable and adjusted to a small margin, the price of synthetic ammonia has continued to increase, and cost and price support is strong. On the whole, the current monoammonium manufacturers continue to implement advance receipts, supported by raw material prices, and average demand performance. It is expected that the market price of monoammonium phosphate will continue to maintain a stable and medium-range consolidation in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 12, 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, while the enterprise executes pending orders, the ex-factory price has temporarily stabilized, and the actual transaction negotiation is the main focus. In terms of the market, the market is operating smoothly, the trading atmosphere is good, and the market is operating steadily at high levels. On the demand side, terminal agricultural demand is steadily following up, goods in the spring plowing market are sinking, downstream traders purchase on demand, and the trading atmosphere is stable. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been consolidated, the price of synthetic ammonia has increased, and costs continue to move upwards. On the whole, the current supply of diammonium in the market is tight, agricultural needs are following up, and the market continues to move goods. It is expected that the market price of diammonium phosphate will remain consolidating in a short period of time.

Specific market prices in each region are as follows: