Phosphate fertilizer daily review: Market demand is flat, market is weak and stable, mainly wait-and-see (May 6)

Monoammonium phosphate price index:

According to Feiduo data, on May 6, 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, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to remain stable. On the enterprise side, most companies hold pending orders, the equipment start-up load continues to decline, the industry's capacity utilization rate continues to decline within a narrow range, and the current quotation is temporarily stable. In terms of the market, under the influence of the traditional off-season, industry supply continues to shrink, the market follows less, and prices have no significant changes. On the demand side, high-level nitrogen fertilizer production is dominated in summer, the market consumption of phosphorus is limited, and downstream procurement demand is weak. However, compound fertilizer factories have insufficient stocks, and a small amount of procurement is maintained, so the demand side is stable. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to remain stable, the synthetic ammonia market consolidated its ups and downs, and raw material prices maintained a narrow range of fluctuations. On the whole, although the current market demand for monoammonium is small, the production of downstream compound fertilizer factories still needs to follow up. In addition, the supply of the industry continues to shrink, and prices remain stable to a certain extent. It is expected that the market price of monoammonium phosphate will continue to be large and stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on May 6, 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:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, the enterprise continues to ship early goods. During the shipment at stable prices, the supply of some sources is tight, and the enterprise's quotations are temporarily stable and wait and see. In terms of the market, there are few market arrivals, China's demand is average, and the market is consolidating. On the demand side, we are in the final stage of spring plowing, and the demand for agricultural fertilization is small and limited, and a small amount is followed up; downstream industrial factories are cautious and just need to purchase mainly, and the overall demand side is flat. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have temporarily stabilized at high levels, while the price of synthetic ammonia has continued to be high and has been consolidated, with limited fluctuations in cost and strong support. On the whole, the current market demand for diammonium is limited, some sources of goods are still tight, and corporate quotations are stable and volatile. It is expected that the market price of diammonium phosphate will continue to be stable and adjusted in a short period of time.

Specific market prices in each region are as follows: