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Phosphate Fertilizer Daily Review: Market demand follows up to boost trading atmosphere (February 21)

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February 21, 2024, 3:13 PM

Monoammonium phosphate price index:

According to Feiduo data, on February 21, the 55% powder index of China's monoammonium phosphate was 3,050.00, 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 continues to hold steady. On the enterprise side, corporate quotations have temporarily stabilized, with most of the latest quotations, and they continue to implement pre-holiday prices. In terms of the market, the monoammonium market is temporarily stable and wait-and-see. Recently, market inquiries have increased, and follow-up of actual orders has been limited. The market atmosphere needs to be improved. On the demand side, downstream procurement enthusiasm is still low, the compound fertilizer market has improved slightly, and the overall purchasing sentiment remains flat. In terms of raw materials, the price of raw material phosphorus rock remained stable, the prices of sulfur and synthetic ammonia increased slightly, and the price of raw materials fluctuated slightly. On the whole, although the current monoammonium market is slowly following up, raw material prices have slightly increased, forming a positive result. It is expected that the market price of monoammonium phosphate will continue to remain stable in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on February 21, 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, enterprises continue to implement pre-received orders, and the current market transaction price basically continues in the previous period. In terms of the market, market goods are limited and supply is tight. The wait-and-see attitude of operators continues, so they should operate cautiously. On the demand side, some areas of winter storage just need to follow up, market shipments have improved, and downstream factories just need to follow up cautiously, and the wait-and-see attitude has not diminished. In terms of raw materials, the price of raw material phosphate rock has remained stable, the prices of sulfur and synthetic ammonia have fluctuated upward, and costs have increased within a narrow range. On the whole, the current market demand for diammonium has followed up, and the tight supply of market supplies continues. It is expected that the market price of diammonium phosphate will continue to be stable and consolidated in the short term.

Specific market prices in each region are as follows: