Phosphate Fertilizer Daily Review: Phosphate fertilizer remains favorable, prices continue to rise
Monoammonium Phosphate (MAP) Price Index:
According to data from Feidoodoo, on August 21st, the domestic 55% powdered MAP index is 2930, showing an increase; the 55% granular index is 2820, remaining stable; the 58% powdered index is 3216.67, showing an increase.
MAP Market Analysis and Forecast:
Today, domestic MAP prices continue to rise. In terms of demand, MAP prices are currently at a high level, and downstream purchases are made cautiously based on immediate needs. From the manufacturer's perspective, many enterprises are currently pausing their quotations and order acceptance. Recently, most manufacturers have a large number of orders, mainly waiting to be dispatched. In terms of cost, the cost of MAP and international prices continue to rise, and it is expected that MAP prices will continue to be supported by favorable costs. Overall, as the current MAP market remains favorable, it is expected that MAP market prices will remain high in the short term.
Diammonium Phosphate (DAP) Price Index:
According to data from Feiduoduo, on August 21st, the mainstream domestic 64% granular DAP index is 3640, remaining stable; the 60% brown index is 3220, showing an increase; the 57% content index is 3132.5, remaining stable.
DAP Market Analysis and Forecast:
Today, domestic DAP market prices have slightly increased. In terms of demand, the current DAP domestic and foreign demands overlap. The domestic market is in the peak season for autumn wheat fertilization, and downstream purchases are made based on immediate needs. International demand is following up, the market supply is tight, and prices continue to rise. From the manufacturer's perspective, most enterprises are still pausing their quotations and payment acceptance. The supply of goods from enterprises is tight, and the mentality of holding merchants to cherish sales has intensified. Currently, the main shipments are for foreign exports and domestic sales orders. Overall, the DAP market is dominated by favorable factors, and it is expected that prices will continue to rise in the short term.
