Daily review of phosphate fertilizer: On-site trading remains stable and waits for subsequent winter reserves (October 21)

Monoammonium phosphate price index:

According to Feiduo data, on October 21, 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:

Today, the market price of monoammonium phosphate in China continues to be stable. On the enterprise side, the enterprise still holds some advance orders. With the support of waiting, the mentality is firm, the quotation remains stable for the time being, and the actual transaction is negotiated. Currently, the merchants are more cautious in waiting for the market, and the market is gradually consolidating. In terms of the market, the market trading atmosphere is relatively light. As the autumn fertilizer market closes, trading activity has gradually weakened, the follow-up of new orders has slowed down, and the focus of transactions has mostly shifted to the Northeast market. On the demand side, autumn fertilizer replenishment orders are basically over. Currently, follow-up on new orders is limited, and more attention is paid to the progress of winter storage. Northeast China has completed the stocking of some raw materials, mainstream downstream factories are still waiting and see. Traders are mainly active in operations, and the demand of major factories is still waiting and see. In the meantime, purchasing mentality is cautious. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained high, the market prices of synthetic ammonia continued to be consolidated downward, and the prices of raw materials fluctuated frequently, and overall support remained. On the whole, the current monoammonium market is slowing down, and the market remains strong under the support of the waiting period. It is expected that the market price of monoammonium phosphate will consolidate in a short period of time, and more attention will be paid to winter storage in the later period.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 21, 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 is consolidating and stable today. In terms of enterprises, most enterprises mainly implement policies to stabilize supply and protect prices. During the implementation of advance orders, the ex-factory price has not changed significantly, and actual orders have been negotiated. Currently, winter reserves have not yet been priced and collected, and the price is not yet clear enough. In terms of the market, the market is mainly stable. Under the current circulation of low-priced goods, trading sentiment on the market has cooled down. Operators are cautious and wait-and-see attitude towards the future outlook, and follow-up on actual orders is limited. On the demand side, we have entered the final stage of autumn. Downstream is just in need of purchasing, and sporadic replenishment orders are delivered. The trading atmosphere is general, and operators are cautiously watching the future outlook. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained high and stable. Due to the different transaction atmosphere in various regions, prices of synthetic ammonia were mixed. The raw material side adjusted within a narrow range, and the overall cost support remained strong. Overall, the current autumn market for diammonium is coming to an end, but there are still expectations for the subsequent winter storage market. It is expected that the market price of diammonium phosphate will continue to maintain a stable trend in the short term.

Specific market prices in each region are as follows: