Phosphate Fertilizer Daily Review: Operators follow up with caution and keep the market stable (October 24)

Monoammonium phosphate price index:

According to Feiduo data, on October 24, 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 minor. On the enterprise side, the enterprise continued to implement pre-received orders, but there was no significant change in the quotation, and the actual transaction continued to be negotiated. In terms of the market, the market maintained stable operation, operators were cautious and wait-and-see, limited trading in new orders on the floor, and the overall atmosphere was light. On the demand side, with the end of the autumn fertilizer market, the focus of demand began to shift to the Northeast market. After the previous round of stocking, the industry continued to follow up and the situation was significantly reduced, and the mentality remained largely wait-and-see. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have been firm and pushed up. The synthetic ammonia market has a cautious mentality. Prices have been consolidated and operated within a narrow range, and raw materials have maintained a steady upward trend. Overall, although the current market demand for monoammonium is weak, the prices of raw materials have increased. With cost support, it is expected that the market price of monoammonium phosphate will not change much in the short term, and the market will continue to consolidate.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 24, 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 3420.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to consolidate. In terms of enterprises, factories mainly execute pending orders, ex-factory prices remain stable without change, and actual orders remain single. In terms of the market, the market trading atmosphere is light, operators have a strong wait-and-see attitude, low enthusiasm for purchasing, poor market delivery, and stable prices. In terms of demand, the autumn market has basically ended, the Northeast market has not yet started, downstream demand is weak, and a small amount of follow-up on the market is limited, waiting for demand to follow up after the Northeast market starts. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise, the synthetic ammonia market was regionalized and consolidated, raw material prices continued to rise, and cost support was strong. Overall, the current diammonium phosphate market is following up with a small amount, the atmosphere in the venue is weak, the mentality is wait-and-see, and the market price of diammonium phosphate is expected to continue to be stable in the short term.

Specific market prices in each region are as follows: