Phosphate Fertilizer Daily Review: Factory Pending Orders Support, Market Demand Slows, Prices Stabilize with Minor Adjustments

Phosphoric Acid Monoammonium Price Index:

According to Feidoodoo data, on November 28, the domestic 55% powdered index of phosphoric acid monoammonium was 3483.75, showing a decrease. The 55% granule index was 3400.00, stable, and the 58% powdered index was 3683.33, stable.

Phosphoric Acid Monoammonium Market Analysis and Forecast:

Today, the domestic phosphoric acid monoammonium market saw a slight downward adjustment in prices. On the factory side, factories continue to execute pending orders, and with limited new transactions in the market, the outgoing prices have not changed significantly under the support of pending orders. As for traders, many are profitably selling, with an enhanced willingness to ship, leading to a slight price decline. Regarding supply, the production of monoammonium phosphate has reduced, and the operating load of enterprise units remains high. On the demand side, market transactions are limited, and the atmosphere for new transactions is relatively weak. Downstream procurement sentiment is cautious, and in various regions, transactions for compound fertilizer enterprises are stagnating, with a wait-and-see attitude or limited on-demand purchases. In terms of raw materials, the price of sulfur has slightly increased, while the prices of phosphorite and synthetic ammonia remain stable, resulting in a stagnant trend in raw material prices. Overall, the substantial pending orders from monoammonium phosphate factories continue to support prices, maintaining a firm trend. With low demand following suit, it is expected that the phosphoric acid monoammonium market prices will continue to maintain a stabilizing trend in the short term.

Phosphoric Acid Diammonium Price Index:

According to Feidoodoo data, on November 28, the mainstream 64% granule index of phosphoric acid diammonium was 3880.00, stable. The 60% brown index was 3670.00, stable, and the 57% content index was 3610.00, stable.

Phosphoric Acid Diammonium Market Analysis and Forecast:

Today, the domestic phosphoric acid diammonium market prices continue to maintain high-level consolidation. Regarding enterprises, some enterprises are gradually receiving fewer payments, and under the guidance of the policy of ensuring supply and stabilizing prices, the ex-factory prices of enterprises remain stable. Traders, with limited stocks on hand, express a strong intention to maintain prices in the case of limited spot availability. On the demand side, in the current winter period, downstream market procurement continues to adopt a wait-and-see attitude. The market transaction atmosphere is general, with limited actual transaction quantities. However, due to the limited spot availability in the current market and the upstream quotations continuing at high levels, prices remain stable. In the market, downstream continues to inquire about low prices, and actual purchases are more observant. The current market procurement enthusiasm remains relatively low. In terms of raw materials, the price of sulfur has slightly increased, while the prices of phosphorite and synthetic ammonia continue to decrease slightly. With costs remaining high, support is relatively strong. Overall, the current tight supply situation in the diammonium phosphate market persists, but downstream sentiment is firm, mostly adopting a wait-and-see approach. It is expected that the phosphoric acid diammonium prices will continue to undergo interval fluctuations and consolidation in the short term.