Phosphate fertilizer daily review: The trading atmosphere for new orders is not good, and phosphate fertilizer market is weak (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, stable; 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. On the enterprise side, the transaction of new orders is still sluggish, and the pressure on production and sales of enterprises continues to increase. Although some factories are still holding prices, new policies have been issued one after another and there are plans to reduce production. Negotiations on the transaction of new orders are maintained. In terms of the market, the market trend is still weak, the trading atmosphere is not good, new orders are not followed up, low-end prices continue to emerge, the market continues to be weak and consolidated, and the sentiment of operators continues to be under pressure. On the demand side, the demand side is still weak. The downstream transportation of fertilizer in autumn is average, the enthusiasm for replenishing raw materials is not high, and the follow-up of new orders is insufficient. The downstream only maintains just-needed purchases, and the trading atmosphere of new orders is not good. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained volatile, while the synthetic ammonia market did not change much. The weakness was consolidated, and the price trend of raw materials declined. Overall, the current mood of monoammonium phosphate industry continues to be under pressure, market prices appear chaotic, and factory prices continue to be inverted. In autumn, fertilizer shipments are slow, and finished products are declining slowly. It is expected that the market price of monoammonium phosphate will continue to be weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 5, 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, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and weak. On the enterprise side, the enterprise has sufficient orders to issue. While actively fulfilling export and domestic sales orders, construction continues to be high, and there has been no significant change in factory quotations. In terms of the market, the market transaction atmosphere is weak, 64% of the goods are still tight, the market is temporarily stable at a high level, 57% of the supply is loose, the mentality of the operators is unstable, and the pressure on shipment of some goods has increased. The market transaction price has declined within a narrow range, and the market has remained stable for the time being. On the demand side, downstream demand has insufficient follow-up efforts, and domestic sales are mainly in need of follow-up. The demand side is still weak and will continue to be weak in the short term. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock were weak, while the market price of synthetic ammonia rose slightly after falling, and the overall cost aspect changed little. Overall, the current downstream purchasing sentiment in the diammonium market in autumn is general, and market arrivals are increasing. It is expected that the diammonium phosphate market will be stable and weak in the short term.

Specific market prices in each region are as follows: