Phosphate Fertilizer Daily Review: Market trading atmosphere is flat, market operation continues to be weak (April 28)

Monoammonium phosphate price index:

According to Feiduo data, on April 28, 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 3,250.00, falling.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China stabilized and fell slightly. On the enterprise side, companies continue to ship pending orders, but there is no significant change in quotations. Some companies continue to implement the minimum guarantee policy, and transactions remain on a single basis. With the reduction of goods shipped and reduced, the industry's supply continues to shrink. In terms of the market, the market maintained a weak and stable operation, the trading atmosphere was average, the mentality of operators was depressed, and the market was mainly stable. On the demand side, the market demand for agricultural spring plowing has basically ended at this stage, and the small demand for corn fertilizer in summer needs to be followed up mainly; industrial downstream factories make up for a small amount of warehouses on demand and maintain on-demand harvesting. In terms of raw materials, the market for raw materials sulfur and phosphate rock is running flat and prices are stable. The synthetic ammonia market is improving steadily, and prices are rising. On the whole, the current monoammonium market is running flat. Companies determine production based on sales and reduce supply. It is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate downward 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 28, the 64% particle index of China's mainstream diammonium phosphate was 3,831.67, 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:

The market price of diammonium phosphate in China is stable today. In terms of enterprises, business owners are implementing China and exporting, and the factory quotations are temporarily stable. The current supply of 64% of granules in the market is tight, and some manufacturers are gradually reluctant to sell. In terms of the market, exports still support the market. The current overall trading atmosphere in the Chinese market is general and there are no signs of improvement. The market will continue in a short period of time. On the demand side, replenishment in the spring plowing market has basically ended, and demand for corn manure in summer has started slowly. In some areas, a small amount of replenishment needs to be followed up, and domestic orders have been flat. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have remained stable and have no fluctuations. The price of synthetic ammonia has rebounded, supported by high costs. On the whole, the current demand for diammonium in China is flat, some export orders are positive, some sources of goods are limited, and the price decline is limited. It is expected that the market price of diammonium phosphate will be weak and stable in the short term.

Specific market prices in each region are as follows: