< 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 new orders in the market, phosphate fertilizer prices are consolidating and stable (April 30)

39,494
April 30, 2024, 3:35 PM

Monoammonium phosphate price index:

According to Feiduo data, on April 30, 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 continues to remain stable. On the enterprise side, companies continue to ship goods, follow up on new orders slowly, and continue to implement minimum guarantees. In addition, the start-up load of equipment is still declining, and supply is showing a shrinking trend. The current price has dropped to a low level, manufacturers 'quotations are stable, and transactions continue to remain one. A single discussion. On the market side, trading in new orders in the market is limited, purchasing sentiment of industry operators is temporarily stable and wait-and-see, and the market atmosphere is deadlocked and running. On the demand side, the demand performance is average. Companies follow up on a limited amount, maintain on-demand procurement, and continue to be cautious and wait and see. In terms of raw materials, the focus of transactions in the raw materials sulfur and phosphate rock markets has shifted upward, the synthetic ammonia market has been mixed, and the cost has been adjusted within a narrow range. Overall, the current trading of new orders in the monoammonium market is weak, and companies have reduced production of equipment, but costs are still high and firm. It is expected that the market price of monoammonium phosphate will temporarily consolidate in a short period of time.

Specific market prices in each region are as follows:


 

Diammonium phosphate price index:

According to Feiduo data, on April 30, 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 mainly ship goods in the early stages. At present, when shipping at stable prices, the industry's supply of goods is still tight, and enterprises 'quotations are temporarily stable and wait and see. In terms of the market, the market continues to consolidate, and the sentiment of the industry is temporarily stable and wait-and-see. Market demand is limited, social inventories are not high, and the supply of some sources is tight, resulting in limited price reductions. On the demand side, corn manure purchases in the North China market are followed up on demand. The trading atmosphere on the demand side is general, and the downstream is mainly weak and stable. In terms of raw materials, the prices of raw materials sulfur and phosphate rock are high, while the price of synthetic ammonia continues to be high and fluctuates slightly, and the cost side is strong. On the whole, the current market demand for diammonium continues to follow up and is limited, the trading atmosphere of the industry is not high, some sources of goods are tight, and the price reduction is limited. It is expected that the market price of diammonium phosphate will remain stable in a narrow range in a short period of time.

Specific market prices in each region are as follows: