Daily review of phosphate fertilizer: The demand is small and the new order is just needed, and the transaction is not good (April 25)

Monoammonium phosphate price index:

According to Feiduo data, on April 25, the 55% powder index of China's monoammonium phosphate was 2,881.25, 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. In terms of enterprises, after some enterprises introduced the minimum guarantee policy, they have better orders. Currently, most of them are executing pending orders, and some pending orders can be executed for one month. Currently, advance receipts are gradually decreasing, the equipment start-up load continues to decline, and corporate quotations are temporarily stable and wait and see. In terms of the market, the circulation of goods in the market is slow and there is no sign of improvement. The market is operating steadily for a short period of time, and the market is weak and difficult to change. On the demand side, the demand side is still performing generally. Downstream maintains a small amount of just-needed purchases, and the mentality is temporarily stable and wait-and-see in the short term. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fell steadily and within a narrow range, the synthetic ammonia market fluctuated, and raw materials adjusted steadily and within a narrow range. On the whole, the current monoammonium market has a serious wait-and-see attitude, and the market operation is deadlocked. 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 25, the 64% particle index of China's mainstream diammonium phosphate was 3,831.67, down; 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 is stable and slightly reduced. On the enterprise side, when the enterprise is implementing the shipment of some export sources, manufacturers are actively shipping, but the number of new orders is still small and limited, and the focus of market transactions has loosened. In terms of the market, the supply of diammonium in the market is relatively sufficient, and the focus of transactions continues to drop. A small number of transactions follow up, and the operation is still flat. On the demand side, the agricultural spring plowing market has been wiped out. Summer corn fertilizer just needs a small amount of follow-up, and domestic demand has weakened; industrial downstream factories just need a small amount of follow-up, so their purchasing mentality is cautious and demand support is insufficient. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuate, the price of synthetic ammonia is still weak, and the cost price has not changed much. On the whole, diammonium companies are currently shipping export orders, and a small number of new orders are followed up. Sales of companies are under pressure and quotations are lowered. It is expected that the market price of diammonium phosphate will continue to weaken and decline in the short term.

Specific market prices in each region are as follows: