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Phosphate fertilizer daily review: The tight market supply continues to be tight and the phosphate fertilizer market has a strong atmosphere of speculation (November 13)

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November 13, 2023, 4:33 PM

Monoammonium phosphate price index:

According to Feiduo data, on November 13, the 55% powder index of China's monoammonium phosphate was 3,475.00, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,616.67, stable.

 

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to be high. On the factory side, the factory continues to execute pending orders, and new orders increase one after another. Pending orders can be executed for up to one month, and the mentality is firm. On the supply side, the overall operating rate of the company has not changed much, with daily production being low. Some companies are still in the process of stopping production for maintenance and are expected to resume production near the end of the month. On the demand side, there is still a gap in downstream demand, and downstream and traders still have inquiries and procurement needs. However, due to the impact of high prices, the current mentality is gradually becoming more rational and the follow-up mentality is more cautious. In terms of raw materials, the prices of raw materials phosphate rock and sulfur are high, and costs are still supported. Overall, new news in the monoammonium market has emerged one after another, and the market has been waiting and seeing. It is expected that the market price of monoammonium phosphate will continue to be high and firm in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on November 13, the 64% particle index of China's mainstream diammonium phosphate was 3,875.00, stable; the 60% brown index was 3,760.00, stable; and the 57% content index was 3,550.00, stable.

 

 

Diammonium phosphate market analysis and forecast:

Today, China's diammonium phosphate market prices are consolidated and put into operation. On the enterprise side, some export orders are still being executed. The Chinese market has released small quantities of goods and received large quantities of orders. The market has tight supply, and actual transactions are mainly negotiated. On the supply side, the operating rate of enterprises is still low, and the market supply is scarce, especially in North China. On the demand side, the winter storage market just needs to follow up, and the holders are reluctant to sell. The atmosphere of speculation is strong, market transaction prices continue to push up, and the downstream mentality tends to wait and see. In terms of raw materials, the price of raw material phosphate rock has been adjusted at a high level, and diammonium has been supported in terms of cost. On the whole, the current speculation atmosphere in the diammonium market is strong, and it is expected that the price of diammonium phosphate will be more consolidated and operated in a short period of time.

Specific market prices in each region are as follows: