Phosphate fertilizer daily review: Insufficient follow-up of terminal demand, phosphate fertilizer market is weak downward (April 2)

Monoammonium phosphate price index:

According to Feiduo data, on April 2, the 55% powder index of China's monoammonium phosphate was 3,038.75, down; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,416.67, down.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China fell weakly today. On the enterprise side, enterprises continue to implement advance orders, and the pending orders continue to shrink, and the quotations have stabilized and declined. Under the support of pending orders, the decline is limited. Currently, the receipt of new orders is weak, manufacturers 'sales continue to be under pressure, and the industry's capacity utilization rate has gradually declined. In terms of the market, the trading atmosphere for new orders in the market is poor, the goods are not good, and the weak operation continues. On the demand side, agricultural terminal demand is insufficient, industrial downstream factories demand is weak, and demand will continue to be weak and downward in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been slightly consolidated, the price of synthetic ammonia has declined, and raw material support has weakened. Overall, the current market demand for monoammonium is weak, companies have received a small number of new orders, and raw material prices are supporting downward. It is expected that the market price of monoammonium phosphate will continue to consolidate downward in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 2, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and slightly falling. On the enterprise side, business owners ship advance orders, often suspend quotations and suspend collection. Some companies hold stable quotations, and actual transactions are negotiated on a single basis. In terms of the market, the market's buying atmosphere is not good, the mentality of operators is unstable, and the focus of transactions is weak and downward in a narrow range. On the demand side, terminal demand performance is weak and has not improved yet. Downstream factories have limited follow-up and receipt of goods. They just need to follow up on a small amount and are slow, and their mentality is more wait-and-see. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have stabilized significantly, the prices of synthetic ammonia have been consolidated downward, and the prices of raw materials have weakened downward. Overall, the current market demand for diammonium continues to be weak and has not changed much. The market continues to move orders and transactions at low prices. It is expected that the market price of diammonium phosphate will continue to be weak and consolidated in a short period of time.

Specific market prices in each region are as follows: