Phosphoric Fertilizer Daily Review: Decline in Enterprise Operating Rate, Prices Largely Stable

Diammonium Phosphate Price Index:

According to Feidoodoo data calculation: On October 12th, the domestic index for 55% powdered diammonium phosphate stood at 3131.25, stable; 55% granular index was 2820.00, stable; and 58% powdered index was 3333.33, stable.

Diammonium Phosphate Market Analysis and Forecast:
Today, domestic diammonium phosphate market prices continued to remain stable. On the enterprise front, most companies continued to execute previously booked orders, with limited new deals. On the supply side, there was a declining trend in the operation rate of diammonium, which might affect future supplies. Cost-wise, raw phosphate ore prices continued to remain high, indicating the existence of cost support. Demand is currently minimal in the market, with downstream sectors adopting a wait-and-watch approach. Overall, the diammonium market has potential supportive factors, and it is anticipated that diammonium phosphate market prices will remain stable in the short term.

Monammonium Phosphate Price Index:
According to Feidoodoo data calculation: On October 12th, the mainstream 64% granular index for monammonium phosphate was 3770.00, stable; 60% brown index was 3280.00, stable; and 57% content index was 3262.50, stable.

Monammonium Phosphate Market Analysis and Forecast:
Today, the domestic monammonium phosphate market price remains stable. On the enterprise side, companies are mostly waiting for shipment with a clear willingness to uphold prices under the support of pending shipments. In terms of demand, the autumn wheat fertilizer season is nearing its end, and winter storage hasn't started yet, with the downstream maintaining minimal essential replenishments. Regarding raw materials, the price of synthetic ammonia continues to decline slightly, and cost support remains weak. In summary, there's no change in the monammonium phosphate market, and it's expected that the prices will remain steady.