Phosphate Fertilizer Daily Review: Approaching the Spring Festival, Market Transactions Gradually Halt

I. Ammonium Phosphate Price Index:

According to Feidoodoo data: On February 4th, the domestic ammonium phosphate 55% powder index was 3100.00, stable; the 55% granule index was 3250.00, stable; and the 58% powder index was 3383.33, stable.

Ammonium Phosphate Market Analysis and Forecast:

Today, the domestic ammonium phosphate market maintained stable prices. On the enterprise side, individual factories of ammonium phosphate, after the introduction of policies, received reasonable orders. Currently, pre-holiday enterprises mainly focus on delivering previous orders, with limited follow-up for new orders. On the market side, trading activity is mediocre as the holiday approaches, leading to a gradual halt in market transactions. In the short term, the ammonium phosphate market remains weak and observant, with a subdued trend. Regarding demand, downstream procurement intentions continue to weaken, the new order trading atmosphere is not favorable, and the market is gradually entering a holiday state. In terms of raw materials, sulfur and phosphate rock prices remain stable, while synthetic ammonia prices continue to decline, indicating weak raw material support. In summary, the current downstream demand for ammonium phosphate is lackluster, cost support is weakening, and it is expected that the ammonium phosphate market prices will continue to stabilize in the short term.

II. Diammonium Phosphate Price Index:

According to Feidoodoo data: On February 4th, the domestic diammonium phosphate mainstream 64% granule index was 3851.67, stable; the 60% brown index was 3450.00, stable; and the 57% content index was 3522.50, stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market maintained stable prices. On the enterprise side, companies are executing pre-sales with no changes in ex-factory prices. Before the holiday, many manufacturers are withdrawing from the market, gradually entering a situation of no price and no market, with a small amount of previous shipments dominating. On the market side, the market is running weakly stable, with terminal demand essentially stagnant, reduced trading enthusiasm, low market confidence, and a strong wait-and-see sentiment. Regarding demand, terminal demand is essentially stagnant, the procurement atmosphere is flat, and the market maintains weak performance. In terms of raw materials, sulfur prices continue to rise, synthetic ammonia prices continue to decline, and phosphate rock remains firm, indicating insufficient raw material support. In conclusion, with the approaching holiday, a situation of having a price but no market is evident in many markets. Insufficient support from downstream demand and subdued trading is expected to lead to stable consolidation in the diammonium phosphate market prices in the short term.