Phosphate Fertilizer Daily Review: The market transaction atmosphere is sluggish, and many companies have maintenance plans (April 11)

Monoammonium phosphate price index:

According to Feiduo data, on April 11, 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, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to stabilize and decrease slightly. In terms of enterprises, the number of companies waiting for orders has gradually decreased, and a small number of new orders have been completed. Currently, most companies are under pressure from receiving orders, and they have too many installations to stop production and protect prices. In terms of the market, the market trading atmosphere is still poor, prices continue to drop, the focus of transactions continues to operate at a low level, and the market is weak in the short term and difficult to change. On the demand side, the demand side is still weak, downstream demand is sluggish, and a small amount of just-needed purchases continues to be maintained, and the fatigue is difficult to change in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphorus ore continued to remain stable, the prices of synthetic ammonia were stable and rising, and the prices of raw materials were consolidated at a high level. On the whole, the current market demand for monoammonium is sluggish, sales of production companies are under pressure, and the start-up load of units has dropped significantly. It is expected that the market price of monoammonium phosphate will continue to remain weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 11, 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. In terms of enterprises, the shipment of spring plowing orders is coming to an end, and the receipt of new orders is limited. They continue to implement spring plowing and export orders. The current quotation is stable, a small amount of supply is tight, and prices are sorted out within a narrow range. Some enterprises have maintenance plans, and the equipment will gradually enter the maintenance status, and there is a downward trend in starting work. In terms of the market, the market cargo atmosphere is stable and the weak consolidation continues. On the demand side, the spring plowing market is coming to an end. There are many transactions that require a small amount of additional orders to follow up, but the demand side follow-up is average. 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 supply of some markets in the diammonium market is tight, the price operation is firm, downstream demand is weak to follow up, and the market operation has entered a period of weakness. 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: