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

Phosphate fertilizer daily review: Monoammonium industry traders are more bearish and the diammonium market is mainly stable (September 19)

343
September 19, 2024, 4:12 PM

Monoammonium phosphate price index:

According to Feiduo data, on September 19, China's 55% powder index of monoammonium phosphate was 3,150.00, down; the 55% particle index was 3,250.00, down; and the 58% powder index was 3,533.33, down.

image.png

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China fell weakly today. In terms of enterprises, new orders from enterprises are flat and quotations are stable. Currently, there are no clear new prices. Some companies frequently offer low prices, and actual transactions are still negotiated. On the market side, the market downturn continues, new orders remain weak, operators continue to be pessimistic, bearish sentiment is strong, and prices appear to be chaotic on the market. On the demand side, downstream demand continues to be weak and follow-up is weak. The shipment of compound fertilizers is not good. The decline in raw materials continues. In addition, inventory pressure is slowly absorbed. Most of them only maintain a small amount of on-demand purchases, and the demand side sentiment continues to be pessimistic. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock remained generally stable, the market prices of synthetic ammonia were stable and slightly increased, and the price on the cost side fluctuated little. Overall, the current market for monoammonium is weak, companies continue to be under pressure, and prices are weak and falling. It is expected that the monoammonium phosphate market will remain weak and stable in the short term.

Specific market prices in each region are as follows:

image.png


Diammonium phosphate price index:

According to Feiduo data, on September 19, the 64% particle index of China's mainstream diammonium phosphate was 3,816.67, stable; the 60% brown index was 3,550.00, stable; and the 57% content index was 3,455.00, stable.

image.png

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is stable and consolidated. In terms of enterprises, most companies continue to implement advance orders, and most of them can be executed until the middle of next month. Currently, the execution is mainly due to the issuance, the installation starts smoothly, and the actual transaction remains a single negotiation. In terms of the market, the market was stable and consolidated within a narrow range, the trading atmosphere was light, and domestic sales were sold on demand. The atmosphere has improved slightly. Currently, most downstream companies maintain follow-up on demand, and the mentality of purchasing goods is cautious. Transaction prices mostly fluctuate around the cost line. On the demand side, downstream purchases in the autumn market are carefully followed up on demand, the trading atmosphere is stable, and the mentality is temporarily stable and wait and see. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock are operating in a weak position, while the market prices of synthetic ammonia are mixed, and the cost side fluctuates mainly within a narrow range. On the whole, the current downstream purchasing and purchasing in the diammonium market is just in need of replenishment. Companies are waiting for a lot of support, and the market is in a stalemate. It is expected that the market price of diammonium phosphate will remain stable in the short term.

Specific market prices in each region are as follows:

image.png