Phosphate fertilizer daily review: New orders in the monoammonium market are difficult to deal with, and diammonium companies continue to ship (September 18)

Monoammonium phosphate price index:

According to Feiduo data, on September 18, the 55% powder index of China's monoammonium phosphate was 3,187.50, stable; the 55% particle index was 3,350.00, stable; and the 58% powder index was 3,550.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to consolidate and remain stable. On the enterprise side, enterprises have insufficient follow-up on new orders, received a small number of orders, flexibly adjusted some transactions, and enterprises have been under pressure on shipments. Currently, they mainly execute a small number of remaining orders. In terms of the market, the market remains weak. The current arrival progress is accelerating, while the shipment situation is not good. The start-up load of equipment in the industry continues to fall, and the market continues to consolidate in the short term. On the demand side, downstream continues to maintain a small amount of on-demand procurement. Compound fertilizer companies mainly carry goods. The start-up load of equipment has declined. The enthusiasm for purchasing raw materials is not high. Only a small amount of just-needed procurement is maintained. New orders are limited, and actual transactions are maintained. Negotiations are maintained. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock increased slightly, the market price of synthetic ammonia maintained a narrow range of fluctuations, and the overall upstream raw material market price was temporarily stable with little fluctuation. On the whole, there are currently a small number of new orders in the monoammonium market. The market continues to be under pressure and the market is weak. It is expected that the market price of monoammonium phosphate may still fall in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 18, the 64% particle index of China's mainstream diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,550.00, stable; and the 57% content index was 3,455.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continued to stabilize temporarily. On the enterprise side, companies have sufficient orders pending, and most of them can be implemented until mid-October. Industry start-ups continue to be high. Guided by the policy of ensuring supply and stabilizing prices, quotations remain firm and stable with little change. In terms of the market, the domestic sales market in autumn mainly follows up cautiously on demand. As the fertilizer preparation time has been shortened, the overall trading atmosphere has improved. Currently, 64% of the goods are in tight supply, and prices are rising in a narrow range. On the demand side, we are currently at a critical juncture in autumn transportation. Downstream agriculture has a small amount of stock, only reaching around 40%-50% of the previous year. There is still a gap in demand just now, and replenishment is expected in the later period. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are fluctuating, the market prices of synthetic ammonia are regionalized, and costs are slightly fluctuated. On the whole, the current diammonium market atmosphere is relatively good. Companies continue to ship, and due to the impact of guaranteed supply and stable prices, prices will not change much for the time being. It is expected that the diammonium phosphate market will continue to stabilize and fluctuate in a short period of time.

Specific market prices in each region are as follows: