Daily Review of Phosphate Fertilizers: Industry Operation Gradually Improving, Market Sentiment Slowly Recovering

Monoammonium Phosphate Price Index:

According to Fertilizer Plus data estimates: On February 19, the domestic index for 55% powdered monoammonium phosphate was stable at 3050.00; the 55% granular index remained stable at 3250.00; the 58% powdered index was steady at 3383.33.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic mono ammonium phosphate market prices continue to be weakly stable. From the corporate perspective, companies still mostly lack clear pricing, maintaining pre-holiday levels, with some continuing to enforce floor prices, and actual transactions primarily based on negotiations. On the market side, the post-holiday market's wait-and-see sentiment has not diminished, with the market gradually recovering, and the overall trading atmosphere remaining subdued. In terms of demand, there is still a basic market need; although downstream compound fertilizer factories are actively shipping, overall purchasing is moderate, with demand-side primarily observing. Regarding raw materials, the prices of raw sulfur and phosphate rock continued to be stable, with a slight increase in the price of synthetic ammonia, and most quotations remained steady, indicating a stable adjustment in raw material prices. Overall, the current mono ammonium phosphate market atmosphere continues to be subdued, and it is expected that the market prices will continue to remain stable in the short term.

Diammonium Phosphate Price Index:

According to Feidoodoo data estimates: On February 19, the domestic mainstream index for 64% granular diammonium phosphate was stable at 3851.67; the 60% brown index remained steady at 3450.00; the 57% content index was stable at 3522.50.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market prices remain stable. From the corporate side, companies continued to dispatch previous orders, with the mainstream market gradually receiving deliveries, the industry supply and demand status being relatively tight, and most company quotations remaining steady. On the market side, the market is still in a subdued wait-and-see atmosphere, with post-holiday market sentiment recovering slowly and the overall trading atmosphere being subdued. In terms of demand, the agricultural spring plowing market continues to observe, with operators being cautious and the trading atmosphere needing improvement; industrial downstream factories are relatively cautious in purchasing, with minimal essential demand following up. Regarding raw materials, the prices of raw sulfur and phosphate rock remained stable, with a slight increase in synthetic ammonia prices, and cost support remaining weakly stable. Overall, the current diammonium phosphate market's trading atmosphere is recovering slowly, and it is expected that the market prices will continue to operate weakly stable in the short term.