Review of the domestic phosphate fertilizer market trend in 2021

Looking back on 2021, China's phosphate fertilizer industry will return to a new peak driven by favorable factors such as the macro environment, national policies, and supply and demand costs, and market prices will continue to break new highs. 
In 2021, the domestic monoammonium phosphate market will rise and fall, and the price will rise to the highest level in the past five years during the year. In the first quarter, the domestic monoammonium phosphate market fell first and then rose. In the first ten days of January, the demand for downstream compound fertilizers weakened, and some manufacturers wanted to withdraw funds by the end of the year, so the price of monoammonium was loosened. It is the peak season for winter storage and domestic sales, and the market is tight and prices are rising. 
In the second quarter, the monoammonium phosphate market rose mainly. In the first ten days of April, the new export orders of monoammonium were not ideal, and the market price fell steadily. Cargo manufacturers are holding back their stocks and reluctant to sell, the Brazilian market demand is released, and international orders are being followed up one after another, and manufacturers are more motivated to trade. 
In the third quarter, the domestic monoammonium phosphate market rose and fell. From July to early August, the tension between supply and demand has not eased, and the increase in raw material prices has driven the increase in production costs of enterprises. The price of monoammonium continues to rise. The high-end ex-factory price of 55% powder monoammonium once rose to 3,600 yuan / ton; With the end of autumn fertilizer, the downstream compound fertilizer industry has declined, the acceptance of raw materials has declined, and the mainstream transaction price in the domestic market has declined. 
In the fourth quarter, the monoammonium phosphate market declined weakly. In mid-October, the legal inspection policy for fertilizer exports was introduced, and the export of enterprises was restricted, and the market mentality turned empty. However, the domestic autumn market ended, the Northeast market started slowly, the transaction of new orders of enterprises slowed down, and the price fell from a high level; from then to the end of the year, the market price gradually Falling down, raw material prices fluctuate, cost support is limited, while the winter storage market is advancing slowly, downstream demand continues to be sluggish, compound fertilizer companies and traders are cautious in purchasing, companies are not shipping smoothly, inventory pressure is increasing, and most companies have begun to implement guaranteed sales , the transaction price is low. 
In 2021, the domestic diammonium phosphate market will mainly fluctuate and rise. In the first quarter, the market rose sharply. In January, international demand was released, and the market was in short supply, while some domestic transportation was blocked due to the impact of the epidemic. Downstream dealers actively bought goods in response to various uncertain factors after the Spring Festival, but fertile companies cherished their fertilizers for sale; after the Spring Festival, in the Under the positive support of active inquiries in the international market, supply shortages and rising costs, market prices rose sharply. 
In the second quarter, the DAP market first fell and then rose. In April, domestic demand turned sluggish, and there was a situation in many places with prices and no market, and the international market was mainly down, and the domestic market was seriously inverted; at the beginning of June, the market supply was tight, and the international price continued to rise, boosting the domestic market's confidence in price support; At the end of the month, there was a large demand for diammonium in both domestic and foreign markets, and manufacturers received more export orders. 
In the third quarter, the diammonium phosphate market surged and then consolidated. In July, with the start of autumn fertilizer preparation, the focus of corporate sales began to tilt to the domestic market. In August, due to rising raw material prices and limited social inventory, the market continued the trend of tight prices. However, in mid-September, the compound fertilizer market continued to decline, the domestic price was significantly depressed, and the mainstream transaction price of diammonium was loosened. 
In the fourth quarter, the diammonium phosphate market was at a high level. In mid-October, the legal inspection policy for fertilizer export was introduced, and the export of enterprises was restricted, while the domestic demand was light and the market transaction was average, but the cost support did not decrease, and the operating rate of enterprises was low, and the market remained stable at a high level. In the first ten days of November, the winter storage market was slow to advance, traders were not very motivated to purchase, and under the pressure of enterprises to ship, the focus of trading fell within a narrow range. In December, there was no significant improvement in downstream demand, and new orders were lightly traded in the market. However, raw materials such as sulfur and phosphate rock remained at a high level, and the cost support was still there.