Phosphate Fertilizer Weekly: Phosphate Fertilizer Prices Continue to Rise, Many Companies Stop Taking Orders
Phosphate Fertilizer Market Price Analysis
Monoammonium Phosphate (MAP):
According to Feidoodoo data:
- This week, the average price index for 55% powder is 2877.43, up 83.71 from last week, an increase of 3%.
- The 55% granular price index average is 2821.2, up 1.2 from last week, an increase of 0.04%.
- The 58% powder price index average is 31
30, up 96.67 from last week, an increase of 3.19%.
This week, the MAP market price continued its upward trend. Many companies are currently suspending quotations or orders. Additionally, due to many companies halting production for maintenance, the market supply is relatively tight. On the demand side, there's still a need for raw materials downstream, and the MAP demand market is large. With the planting season approaching in some international regions, fertilizer usage is increasing, leading to a positive outlook for the MAP market.
Diammonium Phosphate (DAP):
According to Fertilizer Plus data:
- This week, the 64% granular price index average is 3589.6, up 111.2 from last week, an increase of 3.2%.
- The 60% brown price index average is 3070, up 100 from last week, an increase of 3.37%.
- The 57% DAP price index average is 3083, up 204.5 from last week, an increase of 7.1%.
This week, the DAP market remained strong. Internationally, the trading atmosphere is high, and export profits are considerable. Many companies are executing export orders, and the market quotation is scarce. The market is bullish, and traders are reluctant to sell.
Market Forecast:MAP: Due to the continuous increase in raw material prices, the cost of MAP has risen. Supported by many pending orders and the international market's upward trend, the domestic MAP market is expected to remain high next week.
DAP: The DAP market is in short supply, with insufficient market volume and continuous supply tension. The downstream is cautious in purchasing, mainly based on just-in-time purchasing. It's expected that the DAP market will continue to run at high prices next week due to tight supply.
Domestic MAP Industry Operation
This week, the domestic MAP industry's operating rate is about 60.6%, down 1.01% from last week and up 28.86% year-on-year.
Domestic DAP Industry Operation
This week, the domestic DAP industry's operating rate is about 68.91%, up 4.38% from last week and up 30.37% year-on-year.
Domestic Phosphate Fertilizer Weekly Production Trend
Domestic MAP Weekly Production Trend
This week, the domestic MAP production is about 237,000 tons, down 1.5% from last week and up 73.12% year-on-year.
Domestic DAP Weekly Production Trend
This week, the domestic DAP production is about 339,800 tons, up 6.79% from last week and up 79.69% year-on-year.
Domestic MAP Port Inventory Trend
This week, the main port inventory of the domestic MAP market is about 41,000 tons, up 5.13% from last week and down 72.88% year-on-year.
Domestic DAP Port Inventory Trend
This week, the main port inventory of the domestic DAP market is about 181,300 tons, down 2.47% from last week and down 51.58% year-on-year.
