Phosphate fertilizer daily review: Demand and cost support weakened and the market continued to hold steady (October 16)

Monoammonium phosphate price index:

According to Feiduo data, on October 16, the 55% powder index of China's monoammonium phosphate was 3,168.75, rising; 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 moderate. In terms of enterprises, enterprises continue to implement mainly advance orders in the early stage, with a large amount of pending orders. Currently, enterprises have a general delivery speed. In addition, the supply in the industry is gradually increasing, and supply pressure is gradually increasing. In terms of the market, the recent market order inquiry and trading atmosphere has become slightly lighter than in the previous period. There is limited follow-up on new orders in the market, and the market trend continues to operate smoothly. In terms of demand, autumn fertilizer use has come to an end, the demand for raw materials has ended, and compound fertilizer factories are not enthusiastic about making up raw materials. Currently, the Northeast market has arrived one after another, and winter storage needs are still expected, and a small number of transactions are still in place. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have stabilized and consolidated downward. The transaction atmosphere in the synthetic ammonia market is weak, prices have declined, cost prices have fallen, and support has weakened. On the whole, the current support for raw material prices in the monoammonium market has weakened and will continue to support for the short term. There has been no significant change in prices. It is expected that the market price of monoammonium phosphate will be stable and narrow in the short term, and the trend will tend to be stable.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 16, 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 be stable. On the enterprise side, companies continue to ship advance orders and are awaiting large quantities, and there is no sales pressure. Although 64% of the goods are tight, most companies mainly implement policies to ensure supply and stabilize prices, and their quotations have not changed. In terms of the market, the autumn market has entered the final stage, with downstream replenishment orders mainly following up and moving goods. The trading atmosphere on the market is average, and the market is operating stably. Currently, industry operators are holding a wait-and-see attitude towards the future outlook and waiting for the launch of the winter storage market. In terms of demand, the downstream companies are mainly in need of making up orders and shipping goods, with average enthusiasm for follow-up, and weak and stable support from demand. In terms of raw materials, the market center of gravity for raw materials sulfur and phosphate rock has dropped, and prices have fallen. The price of synthetic ammonia market has been weak and adjusted downward. The price range of raw materials has fluctuated, and costs have fluctuated within a narrow range. On the whole, the diammonium market is currently consolidating, winter reserves are still in need, and the market is running steadily. It is expected that the market price of diammonium phosphate will continue to be stable in the short term.

Specific market prices in each region are as follows: