Daily review of phosphate fertilizer: Ammonium monophosphate trading continued actively after the holiday and Ammonium monophosphate trading was weak (October 9)

Monoammonium phosphate price index:

According to Feiduo data, on October 9, the 55% powder index of China's monoammonium phosphate was 3,128.75, rising; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,450.00, rising.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to increase today. In terms of enterprises, the number of orders received by enterprises after the holiday continues to increase. Enterprises ship at stable prices, and the quotations are mostly stable. Shipping is improving, and there is a strong intention to increase prices. In terms of the market, the market sentiment continues to improve, with an upward trend. Companies have increased requests for orders. The overall mentality is optimistic. The short-term market continues to remain firm and upward, with a significant increase. On the demand side, on-site demand is increasing at this stage, downstream raw material replenishment continues to be enthusiastic, industry inquiries have increased, and their mentality is firm; in addition, downstream compound fertilizer factories continue to replenish orders, and the demand-side follow-up speed has increased. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock rose strongly, the market prices of synthetic ammonia were stable and consolidated downward, and the prices of raw materials were slightly consolidated, supported by high prices. On the whole, the current atmosphere in the monoammonium phosphate market is improving, and the demand for inquiries is increasing. Coupled with emotions, the price is very high. Companies have more intentions to increase prices. It is expected that the market price of monoammonium phosphate will stabilize and rise in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 9, the mainstream 64% particle index of diammonium phosphate in China was 3808.33, stable; the 60% brown index was 3550.00, stable; and the 57% content index was 3427.50, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has been steadily lowered. In terms of enterprises, most companies have sufficient orders, no sales pressure, ex-factory prices are stable and no adjustment, the equipment is operating normally, and the industry starts fluctuate within a narrow range. In terms of the market, there has been no significant change in the market, and it continues to operate smoothly. Downstream maintains on-demand procurement. Currently, 64% of the supply is still tight, and there is a small amount of stock in the market. On the demand side, domestic sales follow-up is limited. The current autumn fertilizer preparation market is coming to an end, but downstream procurement enthusiasm is still low, mostly purchasing small quantities on demand. The industry has a strong wait-and-see attitude and a weak trading atmosphere. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock showed an upward trend, while the market prices of synthetic ammonia were mixed. The wait-and-see atmosphere was strong on the market, the raw material side fluctuated within a narrow range, and the cost increased slightly. Overall, the current downstream diammonium phosphate market is mostly purchased on demand, with limited on-site follow-up and difficulty in price upward. It is expected that the market price of diammonium phosphate will continue to operate weakly and steadily in a short period of time.

Specific market prices in each region are as follows: