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Phosphate Fertilizer Daily Review: Companies 'purchasing mentality is wait-and-see under high market prices (November 22)

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November 22, 2023, 3:39 PM

Monoammonium phosphate price index:

According to Feiduo data, on November 22, the 55% powder index of China's monoammonium phosphate was 3,500.00, stable; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,683.33, stable.

 

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is high. In terms of factories, the factories mainly issue early orders, but the volume to be shipped is still large, shipments are still tight, and prices remain stable. In terms of supply, Nissan continues to maintain a low level, tight supply in the market continues, and monoammonium prices remain supported. In terms of the market, the market is still dominated by a small number of transactions, with traders making more profits and shipping, and prices have not fluctuated significantly. On the demand side, downstream compound fertilizer companies have a wait-and-see purchasing mentality, limited follow-up on new orders, general market trading, and low purchasing atmosphere in the Northeast market. Prices are upside down, and downstream purchasing mentality continues. In terms of raw materials, the price of raw material sulfur has been slightly reduced, the prices of synthetic ammonia and phosphate rock have generally remained stable, and costs are still supported. On the whole, under the support of the market cost of monoammonium and its readiness, the current quotation continues to be high, and it is expected that the market price of monoammonium phosphate will continue to remain high in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on November 22, the 64% particle index of China's mainstream diammonium phosphate was 3,880.00, stable; the 60% brown index was 3,670.00, stable; and the 57% content index was 3,610.00, stable.

 

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China remains high. On the enterprise side, the enterprise has suspended collection in many places, and the actual transaction is mainly negotiation. Under the guidance of the policy of stabilizing prices and ensuring supply, the current company's bids are relatively stable. In terms of supply, the supply side is still tight, and the tight supply of goods in the market continues. Under the tight supply situation, the prices of cargo holders are still at high levels. In terms of demand, there is a large demand for winter reserves, and downstream companies are waiting for prices from mainstream companies. Currently, they have a wait-and-see mentality and average enthusiasm for procurement. In terms of raw materials, the price of sulfur has been slightly lowered, the prices of synthetic ammonia and phosphate rock have remained flat, and the cost side still has support. On the whole, with the current high market price of diammonium, the mentality of the industry is firm, and it is expected that the price of diammonium phosphate will continue to maintain consolidation in the short term.

Specific market prices in each region are as follows: