Daily review of phosphate fertilizer: There is little change in market prices and prices are mainly stable and consolidated (October 14)

Monoammonium phosphate price index:

According to Feiduo data, on October 14, the 55% powder index of China's monoammonium phosphate was 3,166.25, stable; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,450.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and consolidated. In terms of enterprises, enterprises are expected to increase, and some have stopped selling. Currently, they are mainly actively promoting the shipment of wheat fertilizers, and some of them are cleared up. The start-up load of equipment in the industry has begun to decline. In terms of the market, as the market gradually cools down, most operators are cautious about the future outlook. The market continues to be stable with little change in the short term. In terms of demand, the current centralized procurement of fertilizers in autumn is compounded by the launch of the Northeast market. In the midst of continuous replenishment and procurement, demand continues to follow up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock rose, the synthetic ammonia market fell steadily, and the cost price adjusted slightly, maintaining a high level. On the whole, with the end of the autumn market, the market demand for monoammonium is insufficient, the start-up load of equipment has been declining, and it is difficult for companies to continue to increase their quotations. Under the support of waiting, it is expected that the market price of monoammonium phosphate will remain firm and stable in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 14, the 64% particle index of the mainstream diammonium phosphate in China was 3808.33, stable; the 60% brown index was 3550.00, stable; and the 57% content index was 3427.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to consolidate. On the enterprise side, the enterprise's equipment is in normal operation and is ready to be shipped one after another. The industry continues to start at a high level. The mentality is firm for a short time, and the price adjustment mentality is cautious. In terms of the market, the market is operating stably. Currently, 64% of the goods in the market are still tight, and some low-end goods are delisted. In the subsequent market, most of the operators have a cautious wait-and-see attitude and their operations have slowed down. On the demand side, we are currently in the final stage of the autumn market, and downstream are just in need of purchasing and continue to replenish and follow up. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise, while the market price of synthetic ammonia weakened and fell. The raw material side maintained range fluctuations, and the cost side supported strong. Overall, the current diammonium market is stabilizing and consolidating, and the market has not changed much. It is expected that the market price of diammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows: