Daily review of phosphate fertilizer: The market for monoammonium is down and the market for diammonium is mainly stable (September 10)

Monoammonium phosphate price index:

According to Feiduo data, on September 10, the 55% powder index of China's monoammonium phosphate was 3,200.00, stable; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,550.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. On the enterprise side, companies are weak in receiving orders, have limited follow-up on new orders, sales are under pressure, some prices are reduced to collect orders, and actual transactions continue to be negotiated. In terms of the market, market conditions were weak and declining. Market prices in some regions were low and quotes were uneven. The overall trading atmosphere on the floor remained flat. In terms of demand, the demand side is still weak, there is insufficient follow-up on new orders, insufficient demand for downstream compound fertilizer raw materials, dealers are still not enthusiastic about picking up goods, and finished product inventory is being digested. In the short term, the market trend is still weakening, and the equipment start-up load has dropped. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been weakened, the synthetic ammonia market has been lowered at a high level, and the raw material level has stabilized and fluctuated. On the whole, there are currently a small number of new orders in the monoammonium market, and the enthusiasm of traders for trading is weak. It is expected that the market price of monoammonium phosphate will still be expected to fall in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 10, 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 continues to remain stable. On the enterprise side, the mentality of mainstream traders has changed, and the atmosphere of price stabilization has slightly increased. Some traders have continued to support prices. The ex-factory prices of enterprises have been increased within a narrow range, and the actual transaction has remained a single negotiation. In terms of the market, the domestic market has adjusted within a narrow range. At this stage, the market transaction price is close to the cost of goods for traders. The mood of stability has shown. While the market is stable, the main adjustment is for shipments, and the high content is still tightening. On the demand side, downstream purchases in autumn continue to be followed up, and the trading atmosphere on the floor is average. The current overall stock volume is about below 50%. On the demand side, there are still immediate needs in the future and are being followed up one after another. In terms of raw materials, the markets for raw materials sulfur and phosphate rock are consolidating, the market price of synthetic ammonia rises and then falls, and costs continue to fluctuate at high levels. On the whole, the diammonium phosphate market is still in demand in the autumn, the mentality of the industry has stabilized, and the market is mainly shipping at stable prices. It is expected that the diammonium phosphate market will continue to maintain a high level in the short term.

Specific market prices in each region are as follows: