Phosphate fertilizer daily review: Cost-side prices continue to rise, high corporate quotations support strong (November 12)

Monoammonium phosphate price index:

According to Feiduo data, on November 12, 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 remains stable. On the enterprise side, as costs continue to rise, companies are unable to lock in costs and deliberately increase their quotations, but their mentality remains cautious. Currently, they mainly suspend quotations and order acceptance. In terms of the market, after the meeting, the market inquiry atmosphere improved slightly. Currently, the overall market price has a strong intention to increase, traders 'mentality is firm, and most of them have no clear quotations. The market is temporarily stable and waiting for guidance. On the demand side, downstream demand is weak, follow-up on new orders is limited, compound fertilizer factories remain cautious in purchasing, industry capacity utilization maintains low load operation, and raw materials are mainly purchased on demand. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have risen at high levels, the market prices of synthetic ammonia have fluctuated at high levels, and raw materials have continued to rise at high levels, supporting them at high levels. On the whole, the current market cost of monoammonium continues to increase, and there is no sign of stopping the increase. At this stage, it has exceeded the previous selling price. Driven by costs, it is expected that the market price of monoammonium phosphate will strengthen and increase in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on November 12, the 64% particle index of the mainstream diammonium phosphate in China was 3,821.67, stable; the 60% brown index was 3,450.00, 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 is stable today. On the enterprise side, manufacturers have successively shipped goods from the Northeast region, but the ex-factory price has not changed. The quotations are firm and stable, and actual orders are negotiated. In terms of the market, the market is mainly stable, and the trading atmosphere is relatively light. Operators maintain a cautious wait-and-see attitude towards the future outlook, waiting for the winter reserve policy to be clarified and guidance from the association meeting. In terms of demand, the winter storage market is slowly advancing, the trading atmosphere is light, downstream demand is weak, and we hold a wait-and-see attitude towards the future market. Subsequent winter storage and Northeast markets still have expectations for just needs. The Northeast market will start in the later period to boost the demand atmosphere in the diammonium market. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have risen firmly, the market prices of synthetic ammonia have been consolidated at a high level, raw material prices have continued to rise, and cost support is strong and strong. Overall, the current diammonium market cost support is strong, and demand in the later period is still expected to follow up. It is expected that the market price of diammonium phosphate will continue to be stable in the short term.

Specific market prices in each region are as follows: