Daily review of phosphate fertilizer: There was little change in market prices and prices continued to consolidate (October 28)

Monoammonium phosphate price index:

According to Feiduo data, on October 28, 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 company's pending orders continue to be supported, the current quotation continues to be stable, the mentality is temporarily stable, and the actual transaction price continues to be negotiated. In terms of the market, the overall trend of the market is mainly stable. The current trading atmosphere for new orders is general. The situation of receiving orders by traders is less than expected. The downstream mentality is temporarily dominated by wait-and-see, with limited follow-up, and the market continues to consolidate. On the demand side, the demand-side follow-up performance is weak, the on-site order inquiry atmosphere has cooled, the trading situation of new orders has fallen short of expectations, and the start-up load of downstream units continues to decline. Currently, only a small amount of raw material procurement needs to be followed up. Demand side support is weak. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are firm and volatile, the synthetic ammonia market is stable and improving, prices continue to push up slightly, and cost-end prices continue to rise. Overall, the current cost and readiness of the monoammonium phosphate market will continue to support in a short period of time, and the market will temporarily consolidate. It is expected that the market price of monoammonium phosphate will continue to stabilize and move slightly in the short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 28, the mainstream 64% particle index of diammonium phosphate in China was 3,821.67, rising; the 60% brown index was 3,500.00, falling; and the 57% content index was 3,420.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and fluctuated. On the enterprise side, the enterprise's equipment is operating normally, and while continuing to execute pending orders, there is no significant change in the factory quotation, and the actual order remains a single negotiation. In terms of the market, downstream demand is weak, the trading atmosphere is light, and winter reserves are just in need of expectations. Currently, the Northeast market has not yet set a price for collection, and the policy is not clear for the time being. Most operators are cautious and wait-and-see attitude towards the future outlook, and the market continues to consolidate and stabilize. On the demand side, China's demand continues to be sluggish, and winter reserves have not yet been priced and collected; on the contrary, the international market is in the peak demand season, and Southeast Asian countries just need to follow up, but due to China's export restrictions, the actual export volume of goods is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are fluctuating, the market price of synthetic ammonia is steadily rising, and the cost price continues to rise, with strong support. On the whole, the diammonium phosphate market is temporarily consolidating, and the trading atmosphere for new orders in the market is weak. It is expected that the diammonium phosphate market will continue to be stable and prices will consolidate in a short period of time.

Specific market prices in each region are as follows: