Daily review of phosphate fertilizer: Enterprises with weak follow-up on demand continue to implement advance receipts (March 25)

Monoammonium phosphate price index:

According to Feiduo data, on March 25, the 55% powder index of China's monoammonium phosphate was 3,093.75, 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 enterprises, enterprises still mainly carry out advance orders. Some enterprises still hold a small number of orders. The quotations are temporarily stable, the follow-up of new orders is weak, and shipments are currently under pressure. In terms of the market, market trading was weak, follow-up on new orders was weak, and the overall weakness was consolidated downward. On the demand side, downstream demand is weak, raw material procurement intentions are not active, and goods are generally sold. The demand side continues to be weak, and the mentality of the industry is unstable. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to fluctuate, the prices of synthetic ammonia continued to increase, and cost support increased. Overall, the overall trend of the monoammonium phosphate market is currently weak. With the support of companies and raw materials, it is expected that the market price of monoammonium phosphate will be weak and stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 25, the 64% particle index of China's mainstream diammonium phosphate was 3,851.67, stable; the 60% brown index was 3,460.00, stable; and the 57% content index was 3,512.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and slightly downward. On the enterprise side, enterprises continue to execute pending orders, but the factory price has not changed. The trading atmosphere for new orders is flat, and the actual transaction price fluctuates downward. In terms of the market, the market is operating slowly, the transaction atmosphere is not good, and the mentality of operators is weakening, and they are watching the market more and more. On the demand side, downstream procurement demand follow-up is generally followed up, demand support is weak, more and less follow-up is needed, and the procurement mentality is cautious. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been consolidated and put into operation, the price of synthetic ammonia has continued to increase, and raw materials have fluctuated upward within a narrow range. On the whole, the current diammonium market mentality is unstable and positive support is weak. It is expected that the market price of diammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows: