Phosphate fertilizer daily review: Market demand continues to be weak, companies have successively introduced minimum protection policies (April 15)

Monoammonium phosphate price index:

According to Feiduo data, on April 15, 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 is stable. In terms of enterprises, enterprises mainly focus on sales and production. Currently, there are a small number of new orders, industry start-ups continue to decline, corporate minimum protection policies have been introduced one after another, market prices have become chaotic, and actual transaction negotiations are the main focus. In terms of the market, the market is operating slowly, new orders are trading weak, moving pressure continues to increase, and the focus of transactions continues to fall. On the demand side, agricultural spring plowing fertilizer preparation has ended, summer fertilizer preparation time has been delayed, and new orders have been limited; industrial downstream compound fertilizers have been shipped slowly, and raw materials have been purchased in a small amount just to be picked up, and low demand continues. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated slightly, the prices of synthetic ammonia declined steadily, and the prices of raw materials were consolidated. On the whole, it is difficult to change the current sluggish market demand for monoammonium. The operating rate of enterprises continues to decline. It is expected that the market price of monoammonium phosphate will weaken and fall in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 15, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,465.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. In terms of enterprises, enterprises are still relatively sufficient to ship. Currently, some export and domestic sales orders are shipped, and there is no inventory and sales pressure. Price fluctuations are limited, so stabilization is the main focus. In terms of the market, the market trading atmosphere is stable and consolidating, and the mood continues to be weak. On the demand side, we are currently at the end of spring plowing, and agriculture is just in need of making up orders, and the transaction atmosphere is stable; demand from downstream industrial factories is weak, and only a small amount is just in need of procurement. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated slightly, while the price of synthetic ammonia fluctuated at a high level, and cost support was slightly weak. Overall, the current spring plowing in the diammonium phosphate market has come to an end, and the market needs to follow up is limited. It is expected that the market price of diammonium phosphate will fluctuate slightly in a short period of time.

Specific market prices in each region are as follows: