Phosphate Fertilizer Daily Review: The trading atmosphere on the floor was flat and the market remained stable (October 17)

Monoammonium phosphate price index:

According to Feiduo data, on October 17, the 55% powder index of China's monoammonium phosphate was 3,168.75, 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:

The market price of monoammonium phosphate in China is stable today. On the enterprise side, the enterprise still mainly focuses on executing pending orders. Some Bayuquan inquiries on the site, and the price has temporarily stabilized after rising. Under the support of short-term pending orders, the overall quotation has remained unchanged, and the actual transaction continues to be negotiated. In terms of the market, the market trend has remained stable in the near future, and the overall operation has been mainly stable. The trading atmosphere has cooled down compared with the previous period, and the venue has been smoothly organized. On the demand side, downstream autumn fertilizer has swept the tail, and the intention to continue to replenish raw materials has weakened. Currently, demand in some areas of East China has followed up a small amount, and the replenishment of raw materials has been stable and fluctuated. The overall demand performance is average. Under the expectation of winter storage, short-term domestic sales are running steadily. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are fluctuating, while the market price of synthetic ammonia is mainly weak and downward. The cost side is fluctuating and consolidated, and support is weakened. On the whole, the monoammonium market is currently stable, there is no inventory pressure under the support of companies, and the quotation is firm and stable. It is expected that the market price of monoammonium phosphate will continue to maintain a consolidation operation in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 17, 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, when the enterprise actively shipped early orders, the mentality was firm and the quotation was temporarily stable. Currently, the winter reserve has not yet been priced and collected, the market is stable, and the actual transaction remains under negotiation. In terms of the market, the market continued to consolidate, with small changes in the market. 64% of the supply in North China continued to be tight. The low-end market prices were delisted and transaction prices rose. On the demand side, the demand side maintains an appropriate amount of dips and needs to be followed up. Currently, autumn wheat fertilizers continue to be closed, and winter storage has not yet been priced and collected. Downstream traders are cautious and have average purchasing enthusiasm. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have loosened within a narrow range. The pressure on shipments and inventories of synthetic ammonia companies has gradually increased. Market prices have moved downward, and cost support has weakened. On the whole, the current diammonium market continues to be stable with little change. Some supplies are tight and prices are rising. It is expected that the market price of diammonium phosphate will continue to operate smoothly in the short term.

Specific market prices in each region are as follows: