Phosphate Fertilizer Daily Review: Cost support for pending shipments, declining supply, and firm quotations from businesses.

Phosphate Ammonium Price Index:

According to "Fertilizer Plus" data, on October 24, the domestic phosphate ammonium 55% powder index was 3181.25, showing an increase. The index for 55% granules remained stable, and the 58% powder index increased to 3383.33.

Phosphate Ammonium Market Analysis and Forecast:

Today, the domestic phosphate ammonium market exhibited an upward trend in prices. Concerning businesses, many of them still have support for pending shipments, with strong quotations. Business sentiment remains positive, and currently, there is an increase in the suspension of order acceptance by enterprises. In terms of supply, the overall operating load of the phosphate ammonium industry continues to decline, with a series of recent production reductions. This is primarily due to the influence of high phosphate ore prices upstream, cost pressures, and a small number of new orders in the market, prompting production reductions to maintain prices. Demand-wise, as the peak sales season ends and the focus shifts to winter storage, there is a continuous influx of market inquiries, creating a favorable atmosphere. In summary, the current phosphate ammonium market still has strong demand in the Northeast, and as the operating rate continues to decline, it is expected that the phosphate ammonium market will remain firm with upward potential in the short term.

Phosphate Diammonium Price Index:

According to "Fertilizer Plus" data, on October 24, the mainstream 64% granule index for phosphate diammonium was 3791.67, showing an increase. The 60% brown index remained stable, and the 57% content index also remained stable.

Phosphate Diammonium Market Analysis and Forecast:

Today, the domestic phosphate diammonium market prices continued to trade sideways. Regarding businesses, they are primarily handling previous export and pending orders, with many suspending quotations and payments. Businesses maintain strong quotations supported by pending shipments. Demand-wise, the market currently experiences overall weak demand, with slow adoption in the winter storage market. The market's overall trading atmosphere tends towards being subdued, with a cautious mindset, and there is some demand following suit. In terms of raw materials, phosphate ore and synthetic ammonia prices are running at high levels, ensuring cost support. In conclusion, with cost and pending shipment support, phosphate diammonium prices from businesses remain firm, and it is expected that phosphate diammonium prices will continue to trade steadily in the short term.