9.9-9.13 Weekly summary of feed grade phosphate products (DCP MCP MDCP)
Weekly market summary of phosphate (DCP MCP MDCP) (2024.9.2-2024.9.07):
Raw materials: This week, the price of 21% grade phosphate rock in Yunnan was temporarily stable, and the price of sulfuric acid in Yunnan rose by 30 yuan/ton.
Supply and operating rate: the supply of DCP is tight this week, and the price has increased due to the Sulfuric Acid rose in Yunnan this week and some factories in Hubei, Guizhou, Sichuan Panzhihua area and other places began to shut down for maintenance, and manufacturers in Inner Mongolia and Shandong resumed production; At present, most manufacturers have sufficient pending orders, low inventory and tight delivery. The supply and operating rate of MDCP and MCP are stable.
On the demand side: with the coming of the Mid-Autumn festival and Chinese National day, the demands of feed mills and distributors has increased slightly compared with the previous period, but the general bearish price of Yunnan sulfuric acid in the later period, and the downstream is worried about the market demand after this round of stocking. In addition, MCP has entered the end of the peak season, and the demand is gradually decreasing.
Forecast:
The overall operating rate of the DCP is at a low level, the manufacturers have sufficient orders, there is no large pressure on sales and inventory; In addition, the sulfuric acid price in Yunnan is still unclear, and feed mills and distributors’ procurement are cautious.
