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

Phosphate Fertilizer Daily Review: Trading gradually stops market weakness and waits (February 5)

88,264
February 5, 2024, 3:18 PM

Monoammonium phosphate price index:

According to Feiduo data, on February 5, the 55% powder index of China's monoammonium phosphate was 3,093.75, down; 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:

China's monoammonium phosphate market fell slightly today. On the enterprise side, monoammonium companies followed up a small number of new orders, and only shipped a small number of early sources. In terms of the market, market transactions were flat and remained weak and stable. As the Spring Festival approaches, most operators entered the holiday season, market transactions were basically stagnant, and real orders were rare. On the demand side, downstream purchasing intentions continue to weaken. Goods of finished products from compound fertilizer factories are generally delivered, downstream start-ups continue to decline, and raw material demand is mainly followed up cautiously. 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. Overall, the current market demand for monoammonium is weak, the wait-and-see atmosphere is strong, and a small amount of operations are carried out before the holiday. It is expected that the market price of monoammonium phosphate will continue to be stable and consolidated in a short period of time.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on February 5, 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. In terms of enterprises, enterprises continue to process agency delivery, and most of the advance orders have been received until early March. Enterprises have started operations steadily, prices have remained stable, and overall changes have been small. In terms of the market, the market is operating calmly and the overall situation remains weak. Most operators have withdrawn from the market near the holidays. The trading atmosphere is light, and the overall market has limited fluctuations. On the demand side, as the holiday approaches, terminal demand has basically stagnated, downstream traders 'enthusiasm for purchasing has slowed down, and the market has gradually entered a priceless and market-free state. 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 holidays are approaching, terminal demand provides insufficient support for the market, and the market is unlikely to change in the short term. It is expected that the market price of diammonium phosphate will remain stable and consolidated in the short term.

Specific market prices in each region are as follows: