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Phosphate fertilizer daily review: The Spring Festival holiday is approaching, market transactions are gradually stopped (February 4)

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February 4, 2024, 4:08 PM

Monoammonium phosphate price index:

According to Feiduo data, on February 4, the 55% powder index of China's monoammonium phosphate was 3,100.00, stable; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,383.33, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. In terms of enterprises, after the policy of individual ammonium monoamine factories was promulgated, the number of orders received was still good. Currently, most enterprises before the festival mainly ship pre-orders, and a small number of new orders were followed up with limited amounts. In terms of the market, market transactions were flat, the holidays were approaching, and market transactions were gradually stopped. In the short term, the ammonium phosphate market remained weak and wait-and-see, and the trend remained flat. On the demand side, downstream purchasing intentions continue to weaken, the trading atmosphere for new orders is poor, and the market is gradually entering a holiday state. In terms of raw materials, the prices of raw materials sulfur and phosphate rock remained stable, the price of synthetic ammonia continued to decline, and raw material support was weak. On the whole, the current downstream demand in the monoammonium market is weak and cost support is weakening. It is expected that the market price of monoammonium phosphate will continue to stabilize and consolidate in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on February 4, the 64% particle index of China's mainstream diammonium phosphate was 3,851.67, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,522.50, stable.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. On the enterprise side, the enterprise is implementing advance receipts, but the ex-factory price has not changed. Most manufacturers withdraw from the market before the holiday and gradually enter a state of priceless and no market. A small amount of pre-supply in the market is mainly distributed. In terms of the market, the market is operating weakly and steadily, terminal demand is basically stagnant, trading enthusiasm is reduced, market confidence is insufficient, and wait-and-see attitude is strong. On the demand side, terminal demand has basically stagnated, the procurement atmosphere has been flat, and the market has remained weak. In terms of raw materials, the price of raw material sulfur continues to rise, the price of synthetic ammonia continues to drop, phosphate ore remains firm, and raw material support is insufficient. On the whole, as the holiday approaches, many markets have prices and no markets, downstream demand support is insufficient, and trading is weak. It is expected that the market price of diammonium phosphate will remain stable and consolidated in a short period of time.

Specific market prices in each region are as follows: