According to data released by the IFA, global fertilizer demand is continuing to show a steady growth trend.
Chemical fertilizer is an important raw material for agricultural production, and it plays a prominent role in promoting the progress of food and agricultural production.
The fertilizer industry includes nitrogen fertilizer, phosphate fertilizer, potash fertilizer and compound fertilizer and other subdivisions, and the industrial chain starts from raw materials, through the production of basic fertilizers, and then to the final sales link after secondary processing.
Phosphate fertilizer is the most critical downstream product of phosphorus chemical industry, and at present, with the stable expectation of global phosphate fertilizer demand and the rise of new energy demand, the phosphorus chemical industry is ushering in a boom cycle.
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Overview of the phosphate fertilizer industry
The phosphorus chemical industry chain starts with phosphate rock, and in the subsequent processing links, phosphate rock will go through different transformation paths.
When phosphate rock enters the phosphate fertilizer production enterprise, after a series of processing, part of the phosphorus element will be successfully converted into nutrients in phosphate fertilizer products. Due to mechanical loss and some necessary steps in the process of three wastes treatment, there will still be a certain amount of phosphorus resource loss.
Together with synthetic ammonia and sulfuric acid, it is used as raw materials for production to produce fertilizer products such as monoammonium phosphate and diammonium phosphate in agricultural grade. Through a delicate filtration and impurity removal process, high-purity industrial-grade monoammonium phosphate can also be produced.
Diagram of phosphorus chemical industry chain:
Source: China Inorganic Salts Industry Association
The supply of phosphate fertilizer reflects the resource processing characteristics of the phosphorus industry chain, and also integrates the supply characteristics of coal chemical industry.
In recent years, with the growing demand for phosphate rock resources in the new energy industry, the supply and demand relationship of phosphate rock has continued to be tight.
Among the many varieties of phosphate fertilizers, the common ones are monoammonium phosphate (MAP), diammonium phosphate (DAP), general calcium (superphosphate) and heavy calcium (heavy superphosphate).
Phosphate Fertilizer Classification:
Source: Zhiyan Consulting, China Galaxy
Monoammonium phosphate has a low nitrogen and phosphorus ratio and can be directly used as a compound fertilizer, while diammonium phosphate has a higher phosphorus and nitrogen ratio and is often used as a base fertilizer together with urea.
From the perspective of the industrial chain, monoammonium phosphate is not only used in agricultural production, but also a raw material for the production of iron phosphate and lithium iron phosphate.
In recent years, with the application of phosphate rock resources in the field of new energy lithium iron phosphate batteries and some electrolytes, the layout of resources in the phosphorus chemical industry chain has become particularly critical, and ammonium phosphate fertilizer accounts for about seventy percent, and the development of the industrial chain is also deeply affected by the sales side.
From the supply side, the production capacity and output of monoammonium phosphate are relatively stable, while the capacity utilization rate of diammonium phosphate is gradually increasing, showing the strong market demand for these two phosphate fertilizers.
The continent is the world's largest producer and exporter of fertilizers, accounting for a quarter of global fertilizer production.
In terms of geographical distribution, the main production areas of phosphate fertilizer in mainland China are concentrated in areas rich in phosphate rock resources such as Yunnan, Guizhou, Sichuan and Hubei. Hubei, Guizhou and Sichuan are the main producers of monoammonium phosphate, accounting for 75% of the country's total production capacity, while Guizhou, Hubei and Yunnan are the main producers of diammonium phosphate, accounting for 90% of the country's total production capacity.
In terms of phosphate fertilizer application, Henan, Xinjiang, Inner Mongolia and Hubei are the main application areas of phosphate fertilizer in China, accounting for about 35% of the total application amount in the country.
From the perspective of the market competition pattern of phosphate fertilizer, the main production enterprises in mainland China have a complete industrial chain.
For example, Yuntianhua and Guizhou Phosphate and other leading enterprises in the industry, their production capacity and market share far exceed that of second-tier enterprises such as New Yonfer, Hubei Yihua, Hubei Xiangyun, etc. #磷化工##化工##磷肥##新能源汽车##财经##农业#
Phosphate fertilizer market share in China:
epilogue
On the whole, phosphate fertilizer is one of the three major single-element fertilizers, and it is also a key link in phosphorus chemical industry. At present, with the strong downstream demand of phosphorus chemical industry, the output and demand release industry of phosphate fertilizer market is expected to usher in a broad market space.
Pay attention to [Leqing Industry Observation] and gain insight into the industrial pattern!