Phosphate Fertilizer Weekly: Supported by high pending shipment and raw material prices, phosphate fertilizer prices remain stable.

Phosphate Fertilizer Market Analysis

Phosphate Fertilizer Price Analysis:

Monoammonium Phosphate: According to Feidoodoo data, this week, the average price index for 55% powder is 3138.75, up 9.29 from last week, an increase of 0.30%; the average price index for 55% granules is 2820.00, stable from last week; the average price index for 58% powder is 3341.33, up 10.38 from last week, an increase of 0.31%. This week, the market price of monoammonium phosphate remained stable with a slight increase. On the business side, most companies continue to execute previous pre-orders, with many pausing their quotations. Although there are limited new orders, there is still support from pending shipments. In terms of supply, some enterprises have plans to reduce production, causing a slight decrease in the capacity utilization of monoammonium phosphate and a continuous reduction in supply. In terms of cost, the price of raw phosphate rock remains stable, continuing to operate at high levels, with continued cost support. On the demand side, the capacity utilization rate of the downstream compound fertilizer industry has decreased, leading to reduced demand for monoammonium phosphate. Moreover, while there's still essential demand in the northeast market, actual transactions are minimal, and the overall market demand is sluggish.

Diammonium Phosphate: According to Feidoodoo data, this week, the average price index for 64% granules is 3768.00, down 6.00 from last week, a decrease of 0.16%; the average price index for 60% brown is 3280.00, down 17.14 from last week, a decrease of 0.52%; the average price index for 57% content diammonium is 3310.50, up 42.29 from last week, an increase of 1.29%.

This week, the diammonium phosphate market price remained stable. In terms of supply, the operating rate of diammonium phosphate started to decline this week, with a continuous reduction in supply and a decrease in market supply. Additionally, some facilities plan to undergo maintenance at the end of this month, so the supply reduction is expected to continue. On the business side, companies' export and pending orders still have support. Many are pausing their quotations and collections, with firm quotations supported by pending orders. In terms of demand, the autumn wheat fertilizer season is nearing its end, with the winter storage market continuing to adopt a wait-and-see attitude and market purchases stalling. In terms of raw materials, the price of synthetic ammonia fluctuated slightly, with overall cost support still in place.

Market Forecast:

• Monoammonium Phosphate: Currently, monoammonium enterprises and traders are in a state of game. With many pending shipments and favorable cost support, there's minimal essential demand downstream, and overall demand is weak. In summary, it is expected that the market price of monoammonium phosphate will remain stable next week.
• Diammonium Phosphate: Currently, the supply of diammonium in the market is reduced, supported by pending orders from companies. Coupled with the high costs, the market outlook is positive. In summary, it is expected that the diammonium phosphate market price will remain stable at high levels next week.

Domestic Phosphate Fertilizer Industry Operation Situation

Domestic Monoammonium Phosphate Industry Operation Situation:

This week, the domestic monoammonium phosphate industry's operation rate is about 55.60%, a decrease of 5.69% from last week, but a year-on-year increase of 12.17%. The operation rate of the monoammonium phosphate industry declined this week but is still higher than the same period last year.

Domestic Diammonium Phosphate Industry Operation Situation:

This week, the domestic diammonium phosphate industry's operation rate is about 51.91%, a decrease of 1.95% from last week, but a year-on-year increase of 9.58%. The operation rate of the diammonium phosphate industry continued to decline slightly this week but is still higher than the same period last year.

Domestic Phosphate Fertilizer Weekly Production Trend

Domestic Monoammonium Phosphate Weekly Production Trend:

This week, the domestic production of monoammonium phosphate is about 217,100 tons, a decrease of 9.28% from last week but a year-on-year increase of 26.66%. The weekly production of monoammonium phosphate declined this week but is still higher than the same period last year.

Domestic Diammonium Phosphate Weekly Production Trend:

This week, the domestic production of diammonium phosphate is about 256,000 tons, a decrease of 3.61% from last week but a year-on-year increase of 21.50%. The weekly production of diammonium phosphate continued to decline slightly this week but is still higher than the same period last year.

Domestic Phosphate Fertilizer Port Inventory Trend

Domestic Monoammonium Phosphate Port Inventory Trend:

This week, the main port inventory of the domestic monoammonium phosphate market is about 48,100 tons, an increase of 140.50% from last week but a year-on-year decrease of 70.74%.

Domestic Diammonium Phosphate Port Inventory Trend:

This week, the main port inventory of the domestic diammonium phosphate market is about 199,200 tons, which remains stable from last week.