Phosphate Fertilizer Daily Review: Insufficient market follow-up and continued weakness consolidation (August 26)

Monoammonium phosphate price index:

According to Feiduo data, on August 26, the 55% powder index of China's monoammonium phosphate was 3,297.50, down; the 55% particle index was 3,350.00, down; the 58% powder index was 3,616.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been lowered more. On the enterprise side, some companies still hold pending orders and their quotations continue to remain high. However, the current follow-up of new orders is insufficient, manufacturers 'shipments are under pressure, and their quotations are expected to drop. In terms of the market, the purchasing atmosphere in the market is poor, the trading atmosphere is average, and the focus of transactions has still dropped. Currently, prices sent to various places continue to upside down, and the market continues to be weak and consolidating. On the demand side, follow-up on the demand side is getting less and less, new orders perform poorly, and follow-up is weak. Downstream compound fertilizer companies have a wait-and-see purchasing mentality, only maintaining a small amount of on-demand purchases, and maintaining a realistic negotiation of transactions. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are fluctuating, the market prices of synthetic ammonia are mixed, and the cost side is fluctuating within a narrow range. On the whole, the current downstream demand in the monoammonium market is weak, new orders are sluggish, and the focus of high-end transactions is still likely to decline. It is expected that the market price of monoammonium phosphate will continue to weaken in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 26, the 64% particle index of China's mainstream diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,550.00, stable; and the 57% content index was 3,470.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, enterprises continue to implement early export and domestic sales orders, with sufficient orders to be issued. Some 64% of the goods are tight. The industry starts to remain high. There has been no significant change in factory quotations. Most actual transactions are mainly negotiations. In terms of the market, market supplies are arriving one after another, but downstream purchases are limited and follow-up is insufficient. The market is temporarily stable and has not changed much. On the demand side, the autumn market started slowly, the downstream autumn fertilizer stocks were insufficient, and a small amount was maintained just to be followed up. The purchasing mentality was cautious, and the trading atmosphere was dull. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are operating in a weak position, while the overall market price of synthetic ammonia is mainly increased, supported by high costs and firm quotations. On the whole, diammonium traders are currently interested in holding prices, and the market will temporarily remain stable. It is expected that the market price of diammonium phosphate will continue to be high and low in the short term.

Specific market prices in each region are as follows: