Phosphate fertilizer daily review: Downstream demand follows up, limited market transactions fall within a narrow range (March 28)

Monoammonium phosphate price index:

According to Feiduo data, on March 28, the 55% powder index of China's monoammonium phosphate was 3,055.00, down; 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 remained stable and slightly lowered. On the corporate side, companies are sluggish in following up on new orders, sales are under pressure, quotations are constantly lowered, price cuts are obvious, and actual transactions continue to remain a single negotiation. In terms of the market, the market continued to be weak and downward, trading was deadlocked, with a small number of transactions. The market was weak and the focus of transactions continued to move downward. On the demand side, downstream demand is weak and exhausted. Compound fertilizer factories are not motivated to obtain goods. They just need to replenish more and more, and they have a wait-and-see attitude when they get goods. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been stable and adjusted to a small margin, while the price of synthetic ammonia continues to increase, with strong support for raw materials. On the whole, the current market demand for monoammonium is sluggish and the supply is sufficient. Companies buy more and wait and see. It is expected that the market price of monoammonium phosphate will continue to 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 28, the 64% particle index of China's mainstream diammonium phosphate was 3,846.67, stable; the 60% brown index was 3,460.00, stable; and the 57% content index was 3,507.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and slightly reduced. In terms of enterprises, enterprises continue to implement the main tasks, suspend collection, put pressure on shipments, increase the space for negotiation of transaction prices, and the actual transaction is still dominated by negotiation. In terms of the market, the Chinese market continues to be weak, the trading atmosphere is light, the sentiment of operators is pessimistic, transaction prices are flexibly adjusted, goods are sold at multiple low levels, and enterprises 'export goods are gathered in the port. On the demand side, market follow-up is moderate, terminal demand has no obvious signs of improvement, demand performance is poor, and a small amount of follow-up is the main focus. In terms of raw materials, the prices of raw materials sulfur and phosphate rock were stable and adjusted to a small margin, the price of synthetic ammonia continued to rise, and the price of raw materials rose within a narrow range. On the whole, the current demand for diammonium in China is weak, corporate shipments are under pressure, and the market is weak. It is expected that the market price of diammonium phosphate will continue to stabilize and fall within a narrow range in the short term.

Specific market prices in each region are as follows: