Daily review of phosphate fertilizer: New order transactions in the market generally maintain on-demand purchases (March 18)

Monoammonium phosphate price index:

According to Feiduo data, on March 18, the 55% powder index of China's monoammonium phosphate was 3,113.75, 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, manufacturers have received sufficient orders in advance, and more executions are pending. Quotations are temporarily stable, and transactions continue to be negotiated. In terms of the market, the market trend is stable to weak, the overall trading atmosphere is average, and the market needs to be improved. On the demand side, it is the peak season for spring plowing and goods, and the downstream continues to maintain a small amount of just-needed purchases. The compound fertilizer factory has sufficient stocks in the early stage. Currently, there is little intention to continue to chase after high prices, and a small amount of on-demand purchases are maintained. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have stabilized and fluctuated, while the price of synthetic ammonia has declined, and cost support has weakened. On the whole, the current monoammonium manufacturers are on the market, prices are temporarily stable, downstream pursuit is cautious, and the market is in a game state. It is expected that the market price of monoammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 18, the 64% particle index of China's mainstream diammonium phosphate was 3,855.00, stable; the 60% brown index was 3,460.00, 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 continues to hold steady. In terms of factories, manufacturers 'quotations continued in the previous period, continuing to implement advance orders mainly, and industry start-ups continued to be high. In terms of the market, a small number of new orders were traded in the market, the trading atmosphere was stable, and actual transaction prices fluctuated within a narrow range. On the demand side, China's spring plowing market continues to advance, and the agricultural market still needs in the future; downstream factories continue to maintain a small amount of on-demand procurement. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the prices of synthetic ammonia continued to be consolidated downward, and the prices of raw materials were consolidated downward. On the whole, the current spring plowing in the diammonium phosphate market continues to follow suit, factories are mainly ready to go, and the market is temporarily operating stably. It is expected that the market price weakness of diammonium phosphate will be slightly consolidated in the short term.

Specific market prices in each region are as follows: