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Phosphate fertilizer daily review: Demand side recovers slowly after the holiday, the market is stable and wait-and-see operation (February 22)

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February 22, 2024, 4:13 PM

Monoammonium phosphate price index:

According to Feiduo data, on February 22, 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 3,400.00, rising.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China increased slightly. On the enterprise side, corporate quotations remain stable with no significant change. Recently, the inquiry atmosphere has improved, and the actual transaction price has been mostly negotiated. In terms of the market, market inquiries have increased, the trend has remained stable, and the inquiry atmosphere has improved compared with the previous period. On the demand side, the recent rainy and snowy weather in many places has affected the downstream purchasing mentality. Demand from industry operators has gradually slowed down. The follow-up of compound fertilizer factories needs to be improved. The current purchasing mentality is wait-and-see, and the follow-up of actual orders is limited. In terms of raw materials, the price of raw material phosphorus rock remained stable, the prices of sulfur and synthetic ammonia continued to rise slightly, and the prices of raw materials were consolidated upward. On the whole, the current monoammonium market atmosphere is relatively good, and downstream companies are following up and making up orders. However, the overall wait-and-see attitude remains unchanged. It is expected that the market price of monoammonium phosphate will stabilize and the market will temporarily stabilize and wait and see.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on February 22, 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 continues to hold steady. On the enterprise side, there is still support for enterprises to go ahead. The current ex-factory price is stable. Advance receipt of shipments continues to be received in advance, and a small number of new orders will be followed up with limited duration. In terms of the market, the market is consolidating, the trading atmosphere is improving, and speculation is gradually increasing. On the demand side, downstream demand still exists after the holiday, and the spring plowing market continues to advance. However, overall demand is recovering slowly. Currently, a small number of follow-up actions are being taken, and the wait-and-see atmosphere still exists. In terms of raw materials, the price of raw material phosphate rock is firm, the prices of sulfur and synthetic ammonia fluctuate upward, and costs have increased within a narrow range. On the whole, the current demand side of the diammonium phosphate market is cautiously waiting and following up, and the market atmosphere is slowly recovering. It is expected that the market price of diammonium phosphate will continue to be stable and waiting in a short period of time.

Specific market prices in each region are as follows: