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Phosphate Fertilizer Daily Review: There is no clear quotation in the market and the atmosphere continues to be weak (January 3)

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January 3, 2024, 4:57 PM

Monoammonium phosphate price index:

According to Feiduo data, on January 3, the 55% powder index of China's monoammonium phosphate was 3,343.75, down; the 55% particle index was 3,400.00, stable; and the 58% powder index was 3,633.33, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China was slightly lowered. In terms of factories, most manufacturers are mainly waiting for the early stage of implementation. Currently, the quotation is suspended. There is no clear quotation in the ammonium ammonium market, and the transaction continues to be negotiated. In terms of the market, the market trading atmosphere was flat, new orders were limited, and the overall operation was weak. On the supply side, companies have reduced production of equipment and even increased parking. Nissan has continued to be low, and operating rates have dropped. In terms of demand, the willingness to purchase compound fertilizer raw materials is still low, downstream demand continues to be flat, and the purchasing mentality continues to wait and see. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia fell, the prices of phosphorus rock remained stable, and the cost-side prices remained deadlocked. Overall, the current monoammonium market continues to be flat, and it is expected that the market price of monoammonium phosphate will continue to be weak and downward in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on January 3, the 64% particle index of China's mainstream diammonium phosphate was 3,868.33, down; the 60% brown index was 3,460.00, stable; and the 57% content index was 3,547.50, down.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China has been consolidated downward. On the enterprise side, the enterprise continues to implement pre-received orders. Currently, there are sufficient orders to be issued, and the factory quotations are stable, with no significant change. In terms of the market, the market trading atmosphere is general, the operation is weak, the atmosphere is stalemate, and the market mentality is empty. On the supply side, the operating rate of the diammonium industry has dropped significantly, and the tight supply of goods has certain benefits. On the demand side, downstream performance is weak and demand follow-up is limited. In terms of raw materials, the prices of synthetic ammonia and sulfur have declined, the prices of phosphate rock have remained firm, and costs have stabilized and fluctuated. On the whole, companies in the diammonium market are currently executing, downstream demand is weak, and the market atmosphere is deadlocked. It is expected that the market price of diammonium phosphate will continue to consolidate and operate in a short period of time.

Specific market prices in each region are as follows: