Phosphate Fertilizer Daily Review: The market continues to hold steady, and the atmosphere in the field is waiting for a meeting to boost (October 29)

Monoammonium phosphate price index:

According to Feiduo data, on October 29, 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 continues to execute mainly, the quotation for new orders has not changed, the mentality is stable and wait-and-see, and the supply is stable at a high level. In terms of the market, the overall market has not changed significantly, continuing the previous trend. The trading atmosphere for new orders is still weak. Companies are paying more attention to the news of the phosphorus and compound fertilizer meeting early next month to boost the market, and their current mentality is temporarily stable. On the demand side, downstream compound fertilizer factories maintain a small amount of on-demand replenishment in purchasing, and demand is limited. Winter reserves in the Northeast market have not yet been purchased. They are calm and wait-and-see, and follow-up on new orders is limited. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained generally stable, the market price of synthetic ammonia increased steadily, and the cost side continued to support the market. On the whole, the current monoammonium market is approaching the end of the month, and market transactions are mostly holding a wait-and-see attitude, waiting for guidance from the later phosphorus and compound fertilizer meeting. It is expected that the market price of monoammonium phosphate will continue to consolidate in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 29, the 64% particle index of the mainstream diammonium phosphate in China was 3,821.67, stable; the 60% brown index was 3,500.00, stable; and the 57% content index was 3,420.00, stable.

Diammonium phosphate market analysis and forecast:

The market price of diammonium phosphate in China continues to remain stable today. On the enterprise side, enterprises continue to ship export and domestic sales orders, and there are sufficient orders to be issued, and some of them will be issued until late next month. Most enterprises have no sales pressure and maintain negotiations on actual orders. In terms of the market, the market continues to be stable, waiting for the winter reserve policy to be clarified, with limited operations, and the market will continue to be stable in the short term. On the demand side, downstream demand is weak, with a small amount of follow-up and sporadic replenishment orders. Most operators are cautious and wait-and-see about the future outlook, and the current trading atmosphere continues to be light. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock fell within a narrow range. The market price of synthetic ammonia rose steadily, and costs continued to support it. In the short term, the market will operate steadily. On the whole, the current trading in the diammonium market is light, with limited gains on the market, and the market is stable and consolidated. It is expected that the market price of diammonium phosphate will continue to consolidate in a short period of time with limited fluctuations.

Specific market prices in each region are as follows: