Phosphate Fertilizer Weekly: Support from Pending Costs, Phosphate Fertilizer Prices Remain Firm and Rise

Phosphate Fertilizer Market Analysis

Phosphate Fertilizer Price Analysis

Monoammonium Phosphate: According to data from Feidoodoo: This week, the average price index for 55% powder is 3196.25, an increase of 57.50 from last week, up 1.83%. The 55% granular price index averaged 2820.00, stable from the previous week. The 58% powder price index averaged 3392.00, up 50.67 from last week, an increase of 1.52%.

This week, the price of monoammonium phosphate in the market remained firm and rose. On the enterprise side, there's support from pending shipments, and most orders for November are full, halting new orders. Enterprise quotations remain strong, with a continuously positive attitude. On the supply side, the overall capacity utilization rate of the industry continued to decline this week. Due to routine maintenance and the high price of upstream phosphate rock, there were multiple shutdowns for maintenance. With cost pressures and few new orders in the market, production was cut to maintain prices, and current supply continues to decrease. On the demand side, with the end of the peak autumn sales season, the market is now focusing on winter storage, with constant inquiries and a positive atmosphere.

Diammonium Phosphate: According to data from FertilizerMore: This week, the average price index for 64% granules is 3787.33, up 19.33 from last week, an increase of 0.51%. The 60% brown price index averaged 3342.00, up 62.00 from the previous week, an increase of 1.89%. The 57% content diammonium phosphate price index averaged 3376.00, up 65.50 from the previous week, an increase of 1.98%.

This week, the diammonium phosphate market price was on an upward trend. On the enterprise side, many enterprises were processing previous export and pending orders, pausing quotations and payments. With support from pending shipments, enterprise quotations remained firm. On the supply side, there were still maintenance devices this week, with factories starting at low levels and supply being positive. As for demand, the overall market demand is weak, with a slow winter storage market and a general light trading atmosphere. There's a small amount of necessary follow-up, with a wait-and-see attitude. Regarding raw materials, the prices of phosphate rock and synthetic ammonia remained high, with slight declines in sulfur, but the cost support remains.

Forecast:
Monoammonium Phosphate: Currently, many factories have a large amount of pending monoammonium, with strong support, a decline in the startup rate, and a decrease in supply. The market still has essential demand, and the overall market atmosphere is mostly positive. Overall, it is expected that the monoammonium phosphate market price will remain high next week.

Diammonium Phosphate: At present, the diammonium market has support from pending costs, coupled with low inventory, and the future market still has essential demand, with many positive market supports. Overall, it is expected that the diammonium phosphate market price will continue to operate at a high level next week.

Domestic Phosphate Fertilizer Industry Operation:

Monoammonium Phosphate Industry Operation: This week, the domestic monoammonium phosphate industry's start-up rate was about 53.44%, a drop of 2.16% from the previous week, and an increase of 11.00% year-on-year. The startup rate of the monoammonium phosphate industry declined this week but was still higher than the same period last year.

Diammonium Phosphate Industry Operation: This week, the domestic diammonium phosphate industry's start-up rate was about 49.48%, a decline of 2.43% from the previous week, and a year-on-year increase of 8.57%. The startup rate of the diammonium phosphate industry continued to decline slightly this week but was still higher than the same period last year.

Domestic Phosphate Fertilizer Weekly Production Trend:

Monoammonium Phosphate Weekly Production Trend: This week, the domestic production of monoammonium phosphate was about 217,100 tons, unchanged from the previous week, and a year-on-year increase of 29.61%. The weekly production of monoammonium phosphate remained unchanged this week but was still higher than the same period last year.

Diammonium Phosphate Weekly Production Trend: This week, the domestic production of diammonium phosphate was about 244,000 tons, a decline of 4.69% from the previous week, and a year-on-year increase of 19.84%. The weekly production of diammonium phosphate continued to decline slightly this week but was still higher than the same period last year.

Domestic Phosphate Fertilizer Port Inventory Trend:

Monoammonium Phosphate Port Inventory Trend: This week, the main port inventory of the domestic monoammonium phosphate market was about 48,100 tons, unchanged from the previous week, and a year-on-year decrease of 62.36%.

Diammonium Phosphate Port Inventory Trend: This week, the main port inventory of the domestic diammonium phosphate market was about 233,100 tons, a 17.02% increase from the previous week, and a year-on-year increase of 21.15%.