Phosphate fertilizer daily review: Autumn orders are closed and winter reserves are not yet open. The market continues to consolidate and remain stable (October 22)

Monoammonium phosphate price index:

According to Feiduo data, on October 22, the 55% powder index of China's monoammonium phosphate was 3,166.25, down; 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 has stabilized and dropped slightly. On the enterprise side, enterprises continue to execute pending orders mainly, have low willingness to adjust prices, and continue to maintain negotiations on actual transactions. In terms of the market, the market trend is stable. Currently, most of the autumn fertilizer markets in various places have ended. There is limited follow-up in the Northeast market. The demand for new orders in the market has weakened, and the overall situation is in a state of price and no market. On the demand side, autumn fertilizer use in many places has ended, on-site demand has cooled down, downstream continues to maintain a small amount of replenishment orders, new orders have been limited, compound fertilizer companies have reduced the start-up load of equipment, purchase small amounts of raw materials, and replenishment mentality is cautious. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are high and firm, the market prices of synthetic ammonia are steadily pushing up, and the prices of raw materials are steadily consolidating, continuing to support the market. On the whole, the current market demand for monoammonium is average, and supply has improved. With the support of demand and costs, it is expected that the market price of monoammonium phosphate will continue to operate steadily in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 22, the mainstream 64% particle index of diammonium phosphate in China was 3808.33, stable; the 60% brown index was 3550.00, stable; and the 57% content index was 3420.00, falling.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and moderate. On the enterprise side, the enterprise continues to focus on executing pending orders, with some pending orders until the end of this month. Currently, the ex-factory quotation for new orders has not been adjusted, and actual orders are negotiated on a single basis. In terms of the market, the autumn market has basically ended, with sporadic downstream replenishment orders and shipments. The current winter storage market has not yet started, and most companies have not set prices to collect payments. The industry is temporarily holding a cautious wait-and-see attitude towards the future outlook. On the demand side, as we have entered the final stage of autumn, downstream purchases are just in need of, traders are mainly actively shipping, and subsequent winter storage is just in need of expectations, so the demand side is temporarily stable. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fluctuated. After local supply and demand in the synthetic ammonia market eased, prices adjusted slightly upward, and the raw material side was narrowed. The overall cost support remained strong. On the whole, the current diammonium market is temporarily stable, with little changes on the market. Under the support of waiting, it is expected that the market price of diammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows: