Monoammonium phosphate price index:

According to Feiduo data, on April 23, the 55% powder index of China's monoammonium phosphate was 2,893.75, down; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,266.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable and downward. On the enterprise side, enterprises have limited orders received, and inventories continue to be under pressure. Recently, the operating load of equipment in the industry has dropped. Most small factories have stopped production, and most large factories have reduced production. The industry's supply continues to shrink. In terms of the market, follow-up on new market orders is still insufficient. The current market transaction focus continues to be upside down. The short-term market remains weak, and market transaction prices continue to decline. On the demand side, the demand side continues to operate in a weak position, downstream follow-up remains weak, and a small number of real orders in the market are limited, which continues to be weak for a short period of time. In terms of raw materials, the prices of raw materials sulfur and phosphate rock have been consolidating at high levels. Supply and demand in the synthetic ammonia market have been weak. Prices have been weak and downward. Raw materials have been declining in the short term. Overall, the current trading atmosphere in the monoammonium market is weak and demand is in the off-season. It is expected that the market price of monoammonium phosphate will continue to be weak and consolidated in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on April 23, the 64% particle index of China's mainstream diammonium phosphate was 3,835.00, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,465.00, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to remain stable. On the enterprise side, the enterprise continues to implement a small number of advance orders from China and the shipment of some export sources. It maintains a small number of follow-up orders for domestic sales. The transaction price is negotiated in real terms, and the company's quotations are continuously pressed down. In terms of the market, spring plowing procurement has turned from strong to weak, demand has slowed down, and market operation has become weak. In addition, the total export volume has been sluggish, with a significant decline year-on-year. In a short period of time, the diammonium market has continued to decline. On the demand side, we are currently in the middle of spring plowing and a small amount of corn fertilizer is followed up in summer. Under the influence of the off-season sales, most agricultural purchases are made on demand; there is still just demand in the downstream of the industry, compound fertilizer factories have started to upgrade, and small amounts of purchases are followed up in an orderly manner, and the mentality remains on the sidelines. In terms of raw materials, the prices of raw materials sulfur and phosphate rock fluctuated, the price of synthetic ammonia continued to fall, and the price on the cost side fell. On the whole, the current cost-side support in the diammonium market has weakened, companies have received a small number of new orders, and the market operation is still weak. It is expected that the market price of diammonium phosphate will continue to consolidate in the short term.

Specific market prices in each region are as follows: