< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Phosphate Fertilizer Daily Review: Weak market demand and stable consolidation and operation (December 5)

96,953
December 5, 2023, 4:26 PM

Monoammonium phosphate price index:

According to Feiduo data, on December 5, the 55% powder index of China's monoammonium phosphate was 3,455.00, down; 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:

The market price of monoammonium phosphate in China fell slightly today. In terms of factories, most factories still have support for their preparations. Quotations are currently suspended, and prices are stable and have no change. Currently, traders 'intention to ship has increased, but the focus of market transactions continues to decline. On the supply side, the capacity utilization rate of the monoammonium industry is still at a high level, and the market has sufficient supply, which has a negative impact on the supply side. On the demand side, the performance of downstream demand is still weak, the market demand atmosphere is weak, and the follow-up of new orders is weak. The actual transaction is mainly negotiated, and the overall mentality is temporarily waiting and see. In terms of raw materials, raw material phosphate ore continues to be in tight supply and high prices, the prices of sulfur and synthetic ammonia continue to decrease slightly, and the prices of raw materials are operating firmly. Overall, the overall positive support for pending orders in the monoammonium market is slightly weak, and the market trend is weak. It is expected that the market price of monoammonium phosphate will continue to consolidate downward in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on December 5, 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 continues to remain stable. In terms of enterprises, enterprises mainly rely on advance orders in the early stage of shipment. Upstream traders have increased their intention to ship, and the prices of cargo holders are currently relatively stable. In terms of the market, the trading atmosphere in the diammonium market was flat, downstream procurement enthusiasm was poor, and the mood was slightly weak. On the supply side, social inventories in the mainstream market are low, market supply reserves are insufficient, social inventories are low, and supply is tight. On the demand side, the downstream procurement enthusiasm of Winter Reserve is average, follow-up is slow, the trading atmosphere is flat, and the overall wait-and-see attitude remains unchanged. In terms of raw materials, the price of raw material phosphate rock is firm, the prices of sulfur and synthetic ammonia continue to decrease slightly, and the prices of raw materials have loosened within a narrow range. Overall, the enthusiasm for downstream procurement in the diammonium market is currently weak, but with cost support, the market quotation is relatively firm. It is expected that the price of diammonium phosphate will be consolidated within a narrow range in a short period of time.

Specific market prices in each region are as follows: