Phosphate Fertilizer Weekly Report: Companies' pending orders support, price adjusts accordingly.

Phosphate Fertilizer Market Analysis

Price Analysis of Phosphate Fertilizer Market:

Monocalcium Phosphate: According to the data from Feidoodoo, this week the 55% powdered price index averaged 3129.46, an increase of 27.14 from last week, up 0.87%. The 55% granular price index average was 2820.00, stable from last week. The 58% powdered price index averaged 3330.95, up 17.62 from last week, an increase of 0.53%.

This week, the monocalcium phosphate market price remained stable overall. From the corporate perspective, most companies continue to fulfill their previous pre-collected orders, halting quotations. Some orders can be executed until the end of this month or even mid-next month. Supported by pending orders, company quotations remain firm. On the cost side, raw material phosphate rock, sulfuric acid, and synthetic ammonia prices have remained stable, with weak cost support and temporarily bearish conditions. In terms of demand, the current market demand is drawing to a close. Most downstream companies have sufficient stock from earlier, slowing their purchases and adopting a wait-and-see approach.

Diammonium Phosphate: According to the data from Feidoodoo, this week the 64% granular price index averaged 3774.00, down 4.00 from last week, a decrease of 0.11%. The 60% brown price index averaged 3297.14, down 22.86 from last week, a drop of 0.69%. The 57% diammonium price index averaged 3268.21, down 82.29 from last week, a decrease of 2.46%.

This week, the diammonium phosphate market price adjusted accordingly. On the supply side, companies continued to ship out previous pre-collected orders, halting both quotations and new orders. With the support of pending orders, most companies' quotations remain firm. In terms of demand, the autumn wheat fertilizer season is nearly over, and winter storage hasn't started. Downstream continues to maintain a small just-in-time follow-up, and traders' enthusiasm for restocking is average. In terms of raw materials, the price of synthetic ammonia continues to decline, and cost support is weak.

Market Forecast:

Monocalcium Phosphate: Currently, the market cost trend for monocalcium phosphate is declining, but it is still at a high level. Additionally, though market demand is small, it is supported by companies' pending orders. In general, the monocalcium phosphate market price is expected to remain stable next week.

Diammonium Phosphate: At present, there's no high raw material price support for the diammonium phosphate market. New orders for companies are few, but previously collected orders still exist, providing some support to prices. Overall, it is predicted that the diammonium phosphate market price will find it challenging to rise next week, mainly maintaining stability or declining slightly.

Operation Status of the Domestic Phosphate Fertilizer Industry:

This week, the start-up rate of the domestic monocalcium phosphate industry was approximately 61.31%, down 1.61% from last week but up 15.80% year-on-year. The diammonium phosphate industry start-up rate was around 63.86%, down 5.01% from last week but up 10.36% year-on-year.

Weekly Production Trend of Domestic Phosphate Fertilizer:

This week, the domestic monocalcium phosphate production was about 239,300 tons, down 2.64% from last week, but up 33.24% year-on-year. The domestic diammonium phosphate production was around 265,600 tons, down 8.51% from last week, but up 22.68% year-on-year.

Trend of Domestic Phosphate Fertilizer Port Inventory:

This week, the primary port inventory for the domestic monocalcium phosphate market was about 16,500 tons, stable from last week. The primary port inventory for the domestic diammonium phosphate market was about 199,200 tons, also stable from last week.