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

Phosphate Fertilizer Daily Review: Weak demand from China and abroad, weak market conditions (April 29)

41,897
April 29, 2024, 2:40 PM

Monoammonium phosphate price index:

According to Feiduo data, on April 29, the 55% powder index of China's monoammonium phosphate was 2,881.25, stable; the 55% particle index was 3,050.00, stable; and the 58% powder index was 3,250.00, stable.

 

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China is stable. On the enterprise side, the enterprise continues to implement the plan mainly. The equipment start-up load is low, and the industry's capacity utilization rate continues to decline. Under the support of shrinking supply and the plan, the current quotation has not changed. The guaranteed price continues to be implemented, and the actual transaction remains under negotiation. In terms of the market, the market is in a deadlock and operation. The current quotation has reached a low level. There is a strong atmosphere for market viewing among the industry and the transaction is relatively dull. On the demand side, demand is mainly cautious and wait-and-see. Downstream compound fertilizer factories continue to maintain a small amount of on-demand follow-up purchases. The market trading atmosphere is general and the demand side is weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are stable and wait-and-see. The synthetic ammonia market is mixed, with limited price fluctuations and stable costs. On the whole, there are currently a small number of new orders in the monoammonium market, and market trading is weak. It is expected that the market price of monoammonium phosphate will continue to stabilize and fluctuate downward in the short term.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on April 29, the 64% particle index of China's mainstream diammonium phosphate was 3,831.67, 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. In terms of enterprises, enterprises continue to implement the plan and gradually reduce their production. Some enterprises plan to store and maintain equipment next month, and there is a decline in industry start-up. In terms of the market, the market trading atmosphere is general, operators are pessimistic, trading atmosphere is cautious, and international prices continue to fall, so the market wait-and-see attitude is still strong. On the demand side, agricultural spring plowing procurement has basically ended, and only a small amount needs to be followed up, so China's demand is limited; international prices are low, demand is weak, exports are not good, and goods exports are weak. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continued to be stable, the price of synthetic ammonia changed little, and the price of raw materials stabilized. On the whole, foreign demand in the diammonium market is currently weak. The trading atmosphere of industry operators is cautious, raw material prices are limited, and company quotations are mostly stable. 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: