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Phosphate fertilizer daily review: The market atmosphere is better, and the enthusiasm for purchasing and stocking is increased (February 27)

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February 27, 2024, 3:38 PM

Monoammonium phosphate price index:

According to Feiduo data, on February 27, the 55% powder index of China's monoammonium phosphate was 3,076.25, rising; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,400.00, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has been adjusted upwards. In terms of factories, manufacturers have a high willingness to be bullish. Current quotations continue to rise, prices remain stable and rising, low-end supplies are gradually decreasing, and the focus of market transactions is shifting. In terms of the market, market sentiment is more active due to the export atmosphere, the sentiment of operators is high, and the market trading atmosphere is good. On the demand side, the progress of fertilizer preparation for agricultural needs has been delayed due to the impact of temperature. Demand from downstream factories is still gradually being released. Capacity utilization is slowly increasing, and the increase in goods shipments is improving. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to remain stable, the prices of synthetic ammonia continued to rise, and the prices of raw materials fluctuated slightly. On the whole, the current monoammonium market operators are highly bullish, and demand is gradually following up. It is expected that the market price of monoammonium phosphate will continue to rise in a narrow range in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on February 27, the 64% particle index of China's mainstream diammonium phosphate was 3,843.33, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,527.50, stable.

 

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable. On the enterprise side, corporate quotations have temporarily stabilized, and some quotations have been adjusted within a narrow range. Most of the price adjustments have been upward, and market quotations have gradually moved closer to the high-end. On the market side, the market sentiment continues to improve, trading has improved, confidence in export news has been boosted, and operators have positive expectations for the future outlook. On the demand side, the trading atmosphere in the mainstream areas of winter reserves has improved, and the downstream continuation just needs to be followed up. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are firm, the price of synthetic ammonia is increased within a narrow range, and costs fluctuate within a narrow range. On the whole, the current demand for diammonium winter storage is following up and releasing, and the market bullish atmosphere is positive. It is expected that the market price of diammonium phosphate will consolidate in a short period of time.

Specific market prices in each region are as follows: