Phosphate Fertilizer Daily Review: The market continues to be weak and the trading atmosphere is weak (April 10)

Monoammonium phosphate price index:

According to Feiduo data, on April 10, 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 3,283.33, falling.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and slightly reduced. In terms of enterprises, the number of enterprises waiting for orders has gradually decreased, the number of new orders has been insufficient, the number of orders received has been under pressure, the industry's supply is expected to shrink, and preferential policies for some enterprises have emerged one after another. In terms of the market, the market continues to operate in a weak position, the trading atmosphere is weak, the downstream sentiment of taking goods and lowering prices is strong, the follow-up of new orders is insufficient, and fatigue continues for a short period of time. On the demand side, demand remains weak, the downstream procurement atmosphere is light, and a small amount of just-needed purchases continue to be maintained. 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. Overall, the current market atmosphere for monoammonium is sluggish and trading is small. It is expected that the market price of monoammonium phosphate will continue to weaken and decline in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 10, 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, enterprises continue to implement advance receipts and a small number of export orders from China, and can execute them until around the middle of this month. Currently, ex-factory prices are stable, and new orders are receiving a small number of orders. In terms of the market, a small number of market orders are mainly in need of replacement orders, transactions are dull, the transaction atmosphere is weak, and the market continues to weaken and decline in the short term. On the demand side, the agricultural spring plowing market is coming to an end, and only a small amount of goods needs to be paid for; downstream industrial factories have slowed down their follow-up on raw material procurement, and most of them continue to pick them on demand, and the demand side is weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the prices of synthetic ammonia were consolidated upward at a high level, and the cost side continued to be supported at a high level. On the whole, the current market demand for diammonium continues to be sluggish, market trading has been suspended, and the market has been flat for a short time. It is expected that the market price of diammonium phosphate will continue to fluctuate and decline in the short term.

Specific market prices in each region are as follows: