Phosphate fertilizer daily review: Cost continues to support demand remains relatively flat (September 27)

Monoammonium phosphate price index:

According to Feiduo data, on September 27, the 55% powder index of China's monoammonium phosphate was 3,100.00, stable; the 55% particle index was 2820, stable; and the 58% powder index was 3,316.67, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China continues to maintain a stable operation. On the enterprise side, the enterprise still mainly implements advance orders in the early stage and suspends quotations. The enterprise quotations are firm under the support of waiting to be received. In terms of cost, the price of raw material synthetic ammonia continues to rise, with strong cost support. On the demand side, the downstream autumn fertilizer market continues to maintain a small amount of on-demand replenishment orders, procurement is sluggish, and demand continues to remain unchanged. Overall, the monoammonium market has remained basically unchanged, and the market price of monoammonium phosphate is expected to continue to operate smoothly in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on September 27, the 64% particle index of China's mainstream diammonium phosphate was 3774, stable; the 60% brown index was 3320, stable; and the 57% content index was 3,352.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to operate smoothly. On the enterprise side, enterprises continue to ship orders received in advance in the early stage and suspend quotations and orders receiving. In terms of demand, there is still demand in the autumn market. In addition, terminal demand has not been released yet, so a small amount of follow-up has been followed up. The purchasing enthusiasm is average, and the trading atmosphere is dull. In terms of raw materials, the prices of raw materials sulfur and synthetic ammonia continue to rise, but prices remain firm, and cost support is enhanced. On the whole, the market demand for diammonium phosphate is insufficient, and the market price of diammonium phosphate is expected to continue to maintain a stable and low-key state.

Specific market prices in each region are as follows: