Phosphate Fertilizer Daily Review: Slowing Procurement, Price Stagnation

Ammonium Phosphate Price Index:

According to data from Feidoodoo, on December 4th, the price index for domestic ammonium phosphate was as follows: 55% powder index at 3,461.25, showing a decrease; 55% granule index at 3,400.00, remaining stable; 58% powder index at 3,683.33, remaining stable.

Ammonium Phosphate Market Analysis and Forecast:

Today, the domestic ammonium phosphate market continues to maintain stable prices. On the factory side, with support from pending shipments, most factories have temporarily suspended quotations. In the market, new orders are generally moderate, and holding merchants are willing to make shipments, shifting the focus downward. In terms of supply, the ammonium phosphate market's operating rate has increased, up by 4.98% compared to the previous week, providing relatively sufficient supply in the short term. Regarding demand, there is still demand in the Northeast market, but procurement is slowing down. Downstream demand for compound fertilizer is moderate, with weak purchasing intentions and cautious wait-and-see attitudes. Exports remain challenging in the short term. In terms of raw materials, tight supply has led to price increases in raw phosphate ore, while sulfur and synthetic ammonia prices have continued to decline slightly, weakening price support on the raw materials front. Overall, the ammonium phosphate market has limited support from pending shipments and faces bearish impacts from the demand and raw materials sides. It is expected that ammonium phosphate market prices will remain stable with a slight downward trend in the short term.

Diammonium Phosphate Price Index:

According to data from Feidoodoo, on December 4th, the price index for domestic diammonium phosphate was as follows: mainstream 64% granule index at 3,880.00, remaining stable; 60% brown index at 3,670.00, remaining stable; 57% content index at 3,610.00, remaining stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market continues to maintain high-level consolidation. On the enterprise side, companies have ample pre-received pending orders, mainly executing previous pre-received orders, resulting in limited market arrivals. Upstream traders maintain high quotations. In the market, the diammonium phosphate market is stable with a muted procurement atmosphere. Sentiment has turned to cautious observation, and trading activity is relatively weak. Supply remains tight in the market, and prices remain stable. Demand from downstream buyers has weakened, and market transactions have almost stagnated. In terms of raw materials, prices for raw phosphate ore have seen narrow increases, while sulfur and synthetic ammonia prices have slightly declined, resulting in overall price stability on the raw materials front. Overall, the current diammonium phosphate market sees stable quotations from companies, with a cautious wait-and-see attitude from downstream buyers. It is expected that diammonium phosphate prices will mainly remain stable in the short term.