Phosphate Fertilizer Daily Review: Weak Market Trends, Demand Still in a Slump
Monoammonium Phosphate Price Index:
According to Feidoodoo data calculations, on February 18th, the domestic monoammonium phosphate 55% powder index was 3050.00, stable; the 55% granular index was 3250.00, stable; and the 58% powder index was 3383.33, stable.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic mono ammonium phosphate market prices remain weakly stable. On the enterprise side, during the Spring Festival period, new orders for enterprises almost halted, and the operating load of the units continued to decline, with supply and demand simultaneously reducing. In terms of the market, it is currently in the holiday period, with few participants entering the market, and the overall market maintaining a tepid wait-and-see attitude. Regarding demand, industry demand is weak, and transactions during the festival were sluggish, with short-term demand unlikely to improve. In terms of raw materials, the prices of raw sulfur and phosphate rock continued to hold steady, and the price of synthetic ammonia stabilized after a continuous decline, with raw material prices being stable but slightly weak. In summary, the current mono-ammonium market continues to be lackluster, and it is expected that the monoammonium phosphate market prices will continue to operate weakly and stably in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data calculations, on February 18th, the domestic mainstream diammonium phosphate 64% granular index was 3851.67, stable; the 60% brown index was 3450.00, stable; and the 57% content index was 3522.50, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, domestic diammonium phosphate market prices remained stable. On the enterprise side, companies are supported by pending shipments, with current factory prices remaining stable. In terms of the market, the transaction atmosphere during the festival was lackluster, with no signs of recovery, and it is expected that the market atmosphere will gradually recover later. In terms of demand, the downstream mentality continues to be cautiously watchful, with downstream factories starting up slowly, limited purchases, and continued bearish demand. In terms of raw materials, the prices of raw sulfur, synthetic ammonia, and phosphate rock remained stable, with weak stable operation supported by costs. In summary, the diammonium market transactions are lackluster, and the atmosphere is depressed, expecting that the diammonium phosphate market transactions will continue to be weak in the short term, with stable prices.
