Phosphate Fertilizer Daily Review: Trading Gradually Ceases, Market Displays Weak Observational Mood

Phosphoric Monoammonium Price Index:

According to Feidoodoo data, on February 5th, the price index for 55% powdered phosphoric monoammonium in China was 3093.75, experiencing a decline. The index for 55% granulated phosphoric monoammonium remained stable at 3250.00, while the index for 58% powdered phosphoric monoammonium also maintained stability.

Phosphoric Monoammonium Market Analysis and Forecast:

Today, the domestic market for phosphoric monoammonium witnessed a slight downward adjustment. On the enterprise side, there was limited follow-up on new orders, with only a small quantity of previously ordered goods being shipped. Regarding the market, trading activity remained subdued, maintaining a weak and steady trend. With the approach of the Spring Festival, many industry players have entered holiday mode, leading to a virtual standstill in market transactions and rare occurrence of actual orders.

In terms of demand, downstream purchasing intentions continued to weaken, and compound fertilizer factories had average product shipments. Downstream industrial activities continued to decline, with cautious follow-up on raw material demand. Concerning raw materials, sulfur and phosphate ore prices remained stable, while synthetic ammonia prices declined, resulting in weak raw material support.

Overall, the current market for phosphoric monoammonium is characterized by weak demand, a strong observational atmosphere, and limited pre-holiday operations. It is expected that the phosphoric monoammonium market will continue to maintain price stability in the short term.

Phosphoric Diammonium Price Index:

According to Feidoodoo data, on February 5th, the mainstream price index for 64% granulated phosphoric diammonium in China was 3851.67, remaining stable. The index for 60% brown-colored phosphoric diammonium also remained stable at 3450.00, while the index for 57% content phosphoric diammonium similarly maintained stability at 3522.50.

Phosphoric Diammonium Market Analysis and Forecast:

Today, the domestic market for phosphoric diammonium exhibits price stability. On the enterprise side, companies continued to process consigned shipments, with most pre-received orders extending to early March. Enterprises maintained stable operations, and prices remained steady with minimal overall changes.

In the market, trading activity remained subdued, maintaining a weak consolidation trend. As the holiday season approaches, many industry players have already exited the market, resulting in a subdued trading atmosphere and limited overall market volatility. Regarding demand, with the holiday nearing, terminal demand has essentially stagnated, and downstream traders have reduced their procurement enthusiasm. The market is gradually entering a state of having prices but no active trading.

In terms of raw materials, sulfur prices continued to rise, synthetic ammonia prices continued to decline, and phosphate ore remained resilient. As the holiday season approaches, insufficient support from downstream demand is expected to lead to limited changes in the phosphoric diammonium market in the short term.