Phosphate fertilizer daily review: Upstream cost support strengthens phosphate fertilizer market is operating firmly (April 9)

Monoammonium phosphate price index:

According to Feiduo data, on April 9, the 55% powder index of China's monoammonium phosphate was 2,931.25, stable; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,300.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and consolidated. On the enterprise side, enterprises have gradually reduced their orders during the shipment process, insufficient new orders have been sold, enterprises have been under pressure on shipments, and equipment production and maintenance have been increasing one after another. In terms of the market, market operations remained weak, transactions were weak, the focus of market trading continued to fall, and the market was weak and difficult to change. On the demand side, demand follow-up is weak, and downstream still maintains a small amount of on-demand procurement, and demand is unlikely to improve in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the prices of synthetic ammonia were steadily pushing up, and the prices of raw materials remained high. On the whole, the current trading atmosphere in the monoammonium market is weak, with insufficient new orders, limited follow-up of actual orders, and corporate sales are under pressure. It is expected that the market price of monoammonium phosphate will continue to be weak and volatile in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 9, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, stable; the 60% brown index was 3,460.00, stable; and the 57% content index was 3,482.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, the company's ex-factory quotation has temporarily stabilized, and it continues to implement orders pending in China and export advance receipts. Recently, the goods have been shipped well. The company's mentality is more supportive of the price, and the transaction remains on a single negotiation. In terms of the market, the market cargo atmosphere continues to improve. Downstream just needs to make up orders to follow up, and companies have increased their orders. However, the overall demand is limited, and the market fluctuates in a short period of time. In terms of demand, the demand for spring plowing has entered the final stage. In some areas, spring plowing and fertilization are well followed up, but terminal demand is limited, and most of them are just in need of replenishment. The current demand performance is average. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remain stable, the prices of synthetic ammonia continue to be supported at a high level, and the prices of raw materials remain strong. On the whole, the current market demand for diammonium just needs to be followed up by supplementary orders. The demand is limited and the support period is short. However, the cost side is still supported strongly. It is expected that the market price of diammonium phosphate will continue to fluctuate and consolidate in a short period of time.

Specific market prices in each region are as follows: