Phosphate Fertilizer Daily Review: Companies are ready to go and cost-supported markets remain mainly consolidated (October 15)

Monoammonium phosphate price index:

According to Feiduo data, on October 15, the 55% powder index of China's monoammonium phosphate was 3166.25, stable; the 55% particle index was 3250.00, stable; and the 58% powder index was 3450.00, stable.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China continues to remain stable today. On the enterprise side, the enterprise has stabilized the price of shipments, the quotation for new orders has not changed, the mentality has been firm for a short time, processing is underway, and the actual transaction continues to be negotiated. In terms of the market, there have been a small number of inquiries for new orders in the overall market recently, the trading atmosphere on the floor is average, the market is running smoothly, and there is little change in the short term. On the demand side, downstream demand follow-up efforts have slowed down. Compound fertilizer companies have only maintained a small amount of purchase needed to replenish raw materials. In the early stage, most of the replenishment orders and stocking needs have been completed, and the ability to continue to follow up on new orders has weakened. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have remained stable, the market price of synthetic ammonia has continued to drop, and the cost range has fluctuated and consolidated, and there is still support in the short term. On the whole, the current monoammonium market is ready and cost support, and the market remains stable. It is expected that the market price of monoammonium phosphate will continue to be stable and consolidated in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 15, 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:

The market price of diammonium phosphate in China remains unchanged today. On the enterprise side, the enterprise continues to ship advance orders, the equipment is operating normally, there is no sales pressure, and there is no significant change in the ex-factory price. It has implemented policies to ensure supply and stabilize prices to steadily ship. In terms of the market, the market continues to operate stably. Operators maintain a wait-and-see attitude towards subsequent markets. The trading atmosphere is average. 64% of the goods supply continues to be tight, and the market market has not changed much. On the demand side, the autumn market is coming to an end, downstream purchases are just in need of reducing, and the trading atmosphere for new orders on the market is general. The overall industry has a strong wait-and-see attitude and are waiting for demand in the winter storage market to boost. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock were weak and consolidating, the market price of synthetic ammonia was stable and falling, the price range of raw materials fluctuated, and the cost fluctuated within a narrow range. On the whole, there is currently a small amount of on-demand procurement in the downstream of the diammonium phosphate market, and companies are ready to continue to support it. It is expected that the diammonium phosphate market will continue to be stable in a short period of time.

Specific market prices in each region are as follows: