Daily review of phosphate fertilizer: Low prices in the monoammonium market are frequent and the shipments of diammonium companies are improving (September 23)

Monoammonium phosphate price index:

According to Feiduo data, on September 23, the 55% powder index of China's monoammonium phosphate was 3,150.00, stable; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,533.33, stable.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China is consolidating and stable today. On the enterprise side, companies have a small number of new orders, and shipments continue to be under pressure. In order to accept new orders, some major manufacturers have introduced guaranteed policies for new prices, and low-end quotations are frequently issued. In terms of the market, the market trend is still weak, with a small amount of trading, weak downstream demand, insufficient new orders are sold, the market continues to be weak, and the pessimism of operators has intensified. On the demand side, downstream compound fertilizer companies mainly digest finished product inventories. Although the inventory volume has dropped slightly, the overall shipment situation has not shown significant signs of improvement. The start-up load of equipment continues to decline, and the enthusiasm for raw material procurement is not high. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are operating in a weak position, the market price of synthetic ammonia is steadily pushing up, and the cost-based price remains stable and narrow. On the whole, the current demand for monoammonium is sluggish, companies frequently offer low prices, and the focus of transactions continues to fall. There is a lack of positive results in the short term. It is expected that the monoammonium phosphate market will remain weak in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 23, the mainstream 64% particle index of diammonium phosphate in China was 3816.67, stable; the 60% brown index was 3550.00, stable; and the 57% content index was 3455.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is mainly stable. In terms of enterprises, the current situation is sufficient to continue, the company continues to start operations at a high level, the factory quotations remain stable, and the mentality is strong. In terms of the market, the market continued its steady and consolidating trend, and the overall trading atmosphere improved. In the autumn, the domestic market maintained cautious follow-up on demand, and the market remained stable and consolidated. On the demand side, with the shortening of fertilizer preparation time, the market trading atmosphere has improved slightly, but the enthusiasm for downstream purchasing is still not high. In the autumn, downstream purchasing in the market is carefully followed up on demand, the trading atmosphere is stable, and the mentality is temporarily stable. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are weak, the market atmosphere for synthetic ammonia is high, the cost is stable and narrow, and support is slightly weakened. Overall, the current trading atmosphere in the diammonium market is relatively good, but the enthusiasm for downstream procurement is low, and a small amount of follow-up is mainly needed. It is expected that the market price of diammonium phosphate will remain consolidating in a short period of time.

Specific market prices in each region are as follows: