Phosphate Fertilizer Daily Review: Cost Support Pending, Steady Demand Remains, Phosphate Fertilizer Prices Hold Firm

Monoammonium Phosphate Price Index:

According to Feidoodoo data: On October 31, the domestic 55% powder index for monoammonium phosphate was 3243.75, stable; the 55% granule index was 2820.00, stable; the 58% powder index was 3426.67, stable.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic monoammonium phosphate market price continues to make minor adjustments upwards. On the factory side, factories are still processing pre-ordered orders and have temporarily stopped taking new orders. With a large amount of pending shipments, factories are holding firm on prices, and this state is expected to continue for a short time. On the supply side, the utilization rate of monoammonium phosphate production capacity continues to decline slightly, and some factories have reduced production. The market has received a small amount of goods, and traders are reluctant to sell. On the demand side, it is currently the winter storage stage, and downstream demand remains steady, with ongoing follow-up. Overall, the supply of monoammonium phosphate is tight, enterprises have pending shipments, and downstream demand for replenishment remains, so it is expected that the market price of monoammonium phosphate will continue to hold firm in the short term.

Diammonium Phosphate Price Index:

According to Feidoodoo data: On October 31, the domestic mainstream 64% granule index for diammonium phosphate was 3805.00, up; the 60% brown index was 3500.00, stable; the 57% content index was 3465.00, stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market price is stable. On the factory side, factories continue to execute pre-received export orders, and export orders still have support. Factories have mostly stopped quoting and taking orders, and the current market inquiry is good, with many factories holding firm on prices. On the supply side, the diammonium phosphate market is scarce, and supply is tight, which is favorable for the market. On the demand side, the market demand is mostly steady, and downstream traders are cautiously optimistic, with some industrial needs also following up in small amounts. On the raw material side, the prices of raw sulfur and synthetic ammonia are high, and cost support still exists. Overall, the cost of diammonium phosphate is high, factory export orders are supportive, and downstream demand remains, so it is expected that the price of diammonium phosphate will continue to be stable in the short term.