Phosphate Fertilizer Daily Review: Enterprise Operating Rate Declines, Prices Stabilize

Monoammonium Phosphate Price Index:

According to Feidoodoo data, on October 16th, the domestic 55% powdered monoammonium phosphate index was 3131.25, stable; the 55% granular index was 2820.00, stable; the 58% powdered index was 3333.33, stable.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic monoammonium phosphate market price continues to operate stably. On the enterprise side, most companies continue to execute previously received pre-orders. Although new order transactions are limited, there is still support from pending orders. On the supply side, the current capacity utilization rate for monoammonium phosphate has slightly declined, and the number of maintenance operations has increased, which might continue to reduce supply. On the cost side, the price of raw phosphate rock continues to operate at a high level, providing cost support. On the demand side, there is still a basic demand in the Northeast market, but actual transactions are minimal, with most downstream adopting a wait-and-see attitude. Overall, with the support of pending orders, it is expected that the monoammonium phosphate market price will continue to operate stably in the short term.

Diammonium Phosphate Price Index:

According to Feidoodoo data, on October 16th, the domestic mainstream 64% granular diammonium phosphate index was 3770.00, stable; the 60% brown index was 3280.00, stable; the 57% content index was 3275.00, increasing.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market price made a slight upward adjustment. On the supply side, the current operating rate for diammonium phosphate has significantly decreased, with some regions facing tight supply. On the enterprise side, companies are still focusing on pending orders which continue to offer support, with most having a firm pricing attitude. On the demand side, the current market trading atmosphere is improving, fall sowing is underway, and terminal demand is being concentratedly released, providing positive support. On the cost side, the price of raw synthetic ammonia continues to drop slightly, resulting in weaker cost support. Overall, with the support of pending demands, the diammonium phosphate market price is expected to stabilize in the short term.