Phosphate Fertilizer Daily Review: Demand follows up on a small amount of limited market weakness and atmosphere is difficult to change (April 22)

Monoammonium phosphate price index:

According to Feiduo data, on April 22, the 55% powder index of China's monoammonium phosphate was 2,906.25, stable; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,266.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. On the enterprise side, companies have limited acquisitions of new orders, and the industry's capacity utilization rate continues to decline. Most companies continue to implement the minimum guarantee policy. There has been no significant change in quotations, and the actual transaction is only negotiated. In terms of the market, the market is in the off-season of sales, and procurement follow-up continues to be weak. In the short term, the market situation is weak and difficult to change. On the demand side, under the influence of the off-season of China's demand, most downstream purchases maintain a small amount that needs to be followed up, and most of them are followed up on demand. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to be high and stable, the prices of synthetic ammonia remained weak and downward, and the prices of raw materials continued to fluctuate within a narrow range. On the whole, the monoammonium phosphate market is currently in a weak state, with a small amount of demand being weak to follow up, companies have difficulty in acquiring orders, and market prices and corporate quotations continue to remain upside down. It is expected that the market price of monoammonium phosphate will continue to be weak and stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 22, the 64% particle index of China's mainstream diammonium phosphate was 3,835.00, 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. On the enterprise side, companies have followed up a small number of orders, executed more export and some domestic sales orders. Prices have remained stable, transactions have been negotiated, and negotiations have been the main focus. Currently, the start of construction remains high. However, in the end of this month, some equipment is expected to be repaired, and the start of construction has declined. The industry's Nissan has declined. In terms of the market, China's demand has not followed up sufficiently, international prices have continued to decline, the market has continued to be sluggish in follow-up, and the market has been weak and consolidated downward. On the demand side, the spring plowing market is coming to an end, downstream purchases require a small amount of follow-up, and the demand side is weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have remained stable and consolidated, the price of synthetic ammonia continues to decline weakly, and the price range of raw materials fluctuates. On the whole, the current market operation of diammonium phosphate is weak, China's foreign follow-up has weakened compared with the previous period, the market procurement atmosphere is sluggish, and there are expectations of reducing company start-ups. It is expected that the market price of diammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows: