Phosphate fertilizer daily review: Downstream demand is insufficient to follow up, the market is short-term weak and downward (September 4)

Monoammonium phosphate price index:

According to Feiduo data, on September 4, the 55% powder index of China's monoammonium phosphate was 3,225.00, down; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,583.33, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and declining. On the enterprise side, some ammonium monoamine factories still hold a small number of early orders, which still have support in the short term. There has been no significant change in prices. The focus of some transactions has still dropped. The actual market transactions are still dominated by negotiations. In terms of the market, the market remains weak, the trading atmosphere remains weak, there is insufficient follow-up on new market orders, prices of traders and small factories are still adjusting, and the market continues to operate weak in the short term. In terms of demand, downstream compound fertilizers are generally shipped, raw material consumption is dominated by inventory in the early stage, procurement is slowing down, follow-up of new orders is insufficient, and only purchases are maintained just in need, and the overall trading atmosphere is poor. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are mainly consolidating, while the synthetic ammonia market has adjusted within a narrow range, and the cost-side price has not changed much. On the whole, the current shipping pressure on some ammonium monophosphate traders is increasing, low market prices continue to emerge, and the market is weak. It is expected that the market price of monoammonium phosphate will continue to stabilize and decline significantly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 4, 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 3,452.50, falling.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China is stable today. On the enterprise side, factories have sufficient orders to prepare. In the execution of advance orders, construction continues to remain at a high level, mainly goods are shipped one after another. New orders are sold one after another. The transaction prices of low-grade diammonium in some mainstream markets have declined within a narrow range. In terms of the market, the market is operating in a weak position, and the purchasing atmosphere in the downstream market is still flat in autumn. Coupled with the recent arrival of market supplies, upstream traders have increased their willingness to ship, and downstream goods are not active in receiving goods, resulting in a stalemate in the market. On the demand side, the downstream purchasing atmosphere in autumn is not good, with only just needed purchasing, and the follow-up of new orders is not smooth. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated and consolidated, and the synthetic ammonia market was regionalized. Prices were mixed, and cost fluctuations were limited, and continued to be supported at high levels. On the whole, the current shipping pressure on diammonium traders has increased, and the focus of transactions has shifted down within a narrow range. It is expected that the diammonium phosphate market will be weak and mainly consolidated in the short term.

Specific market prices in each region are as follows: