Phosphate Fertilizer Daily Review: New orders and poor goods in the market are temporarily stable and running (August 27)

Monoammonium phosphate price index:

According to Feiduo data, on August 27, the 55% powder index of China's monoammonium phosphate was 3,285.00, down; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,583.33, down.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to decline today. In terms of enterprises, the quotations of some companies are still slightly higher, and the delivery of new orders is not smooth. In the short term, the weakness may continue to move downward. Enterprise inventories continue to be under pressure, and the focus of transactions continues to fall. In terms of the market, the trading atmosphere in the market is not good, the follow-up of new orders is weak, the market is weak and declining, the focus of trading continues to fall, low prices are constantly emerging, operators are not in a hurry to purchase, corporate sales pressure is gradually increasing, and the market continues to be weak and downward. On the demand side, demand is sluggish, the atmosphere for fertilizer shipment in autumn is not good, the launch of the downstream compound fertilizer market continues to be delayed, the market spot shipment is average, the unit operating rate has increased slowly, and the purchase of small quantities of raw materials just needs to be followed up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are mainly consolidating, the focus of transactions in the synthetic ammonia market has shifted, and the cost price has stabilized and adjusted. On the whole, the current follow-up of new orders in the monoammonium market is not smooth, and the small amount of demand just needs to be followed up. It is expected that the market price of monoammonium phosphate will continue to weaken and consolidate in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on August 27, 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, the enterprise has sufficient export and domestic sales orders, firm factory quotations, no inventory and sales pressure, the start-up load remains high, and upstream cargo holders mainly ship at high prices. The current mainstream transaction price has not changed significantly, and the market is temporarily stable. In terms of the market, the market continues to consolidate, with a small number that just needs to follow up, and the trading atmosphere is stable. Currently, 64% of the market has tight supply, and the market continues to stabilize price shipments. On the demand side, the market still has just needed goods in the autumn, but follow-up is not enough, and the atmosphere of goods delivery is still poor. The wait-and-see mentality of the industry has not changed, and they continue to maintain a small amount of goods that are just needed. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have stabilized significantly, while the market price of synthetic ammonia has risen, and the cost has continued to fluctuate within a high and narrow range. On the whole, the current domestic market demand for diammonium is general, and a small amount is mainly needed to follow up. It is expected that the market price of diammonium phosphate will continue to be high and stable in a short period of time.

Specific market prices in each region are as follows: