Daily review of phosphate fertilizer: Low enthusiasm for downstream reimbursement of monoammonium is not high (September 11)

Monoammonium phosphate price index:

According to Feiduo data, on September 11, 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 continues to remain stable. In terms of enterprises, the current quotations of enterprises are on the high side, new orders are under pressure, and more minimum guarantees are implemented. Orders to be shipped one after another, and goods delivery is slow. Traders are flexible in adjusting prices, and actual transactions are maintained. In terms of the market, the atmosphere for trading new orders in the market is light, the atmosphere for goods is general, the market trend is weak and stable, there is still room for improvement in the receiving sentiment of downstream dealers, and market prices are weak and lower. In terms of demand, downstream companies are not enthusiastic about making up orders, and some autumn fat shipments have improved compared with the previous period. However, overall demand follow-up is still weak, and the market is weak and difficult to change. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated, the market prices of synthetic ammonia continued to fall, and raw materials remained stable and narrow. On the whole, the overall demand in the monoammonium market has followed suit and the market is weak. It is expected that the market price of monoammonium phosphate will continue to operate weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 11, 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 3,455.00, rising.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is rising steadily. On the enterprise side, enterprises continue to implement export and autumn domestic sales orders. Most of them have no sales pressure. Currently, most of them focus on ensuring supply and stabilizing prices. Ex-factory quotations are stable, and new prices are stable and consolidating. In terms of the market, downstream enthusiasm for stocking goods is poor, demand in the autumn sales market is slow to follow up, and the domestic sales market is mainly adjusted within a narrow range in the short term. On the demand side, the downstream market is mainly in need of follow-up in the autumn. Currently, downstream stocks have reached the level of about 40%, and there is still a large gap in the demand side. However, the downstream follow-up atmosphere is flat, and transaction prices are stable and consolidating. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are deadlocked, the market price of synthetic ammonia is falling at a high level, and costs are adjusted within a narrow range. On the whole, the current autumn market cost of diammonium is supported, company quotations are stable, and autumn fertilizer is still needed. It is expected that the diammonium phosphate market will be mainly consolidated in the short term.

Specific market prices in each region are as follows: