Phosphate Fertilizer Daily Review: Downstream winter storage has not yet followed up; enterprises mostly dispatch previous orders

Monoammonium Phosphate Price Index:

According to Feidoodoo data: On October 18, the domestic 55% powder monoammonium phosphate index was 3131.25, showing a decline; the 55% granule index was 2820.00, remaining stable; the 58% powder index was 3333.33, showing a decline.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic mono ammonium phosphate market price has been slightly adjusted downward. From the business perspective, companies continue to fulfill previous pre-received orders, many have temporarily suspended quotations, with few new orders being concluded. With awaiting dispatch orders providing support, companies are firm in their pricing. On the supply side, some companies have plans to reduce production shortly, leading to a decrease in supply. In terms of costs, the price of raw phosphate rock remains stable, with cost support still in place. Regarding demand, the current capacity utilization rate of the downstream compound fertilizer industry has decreased, weakening the demand for monoammonium phosphate. The overall market transaction atmosphere continues to be tepid. In general, monoammonium phosphate companies and traders are currently in a state of negotiation, and it is expected that the market price of monoammonium phosphate will remain stable in the short term.

Diammonium Phosphate Price Index:

According to Feidoodoo data: On October 18, the domestic mainstream 64% granule diammonium phosphate index was 3770.00, stable; the 60% brown index was 3280.00, stable; the 57% content index was 3320.00, showing an increase.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market price has been adjusted upward. In terms of supply, the start-up rate of diammonium production has generally declined this week, leading to reduced market supply. From the business perspective, there are still exports and pending orders, with many companies pausing quotations and payments. The current support from awaiting dispatch orders still exists. Regarding demand, the autumn market has ended, and there is no follow-up for winter storage orders, with many being cautious and observing. In terms of raw materials, the price of synthetic ammonia has risen slightly, but overall cost support remains weak. Overall, while diammonium phosphate companies have a clear desire to maintain higher prices, the downstream market is mostly in a wait-and-see mode, leading to the expectation that the diammonium phosphate market price will continue to remain in a stalemate in the short term.