Phosphate Fertilizer Daily Review: Strong Cost-End Prices Result in a Robust Phosphate Fertilizer Trend
Monoammonium Phosphate Price Index:
According to Feidoodoo data, as of August 28, the domestic index for 55% powdered Monoammonium Phosphate (MAP) was 2997.14, showing an increase; the 55% granular index was 2820, remaining stable; the 58% powdered index was 3216.67, staying steady.
Monoammonium Phosphate Market Analysis and Forecast:
Today, domestic MAP prices remain relatively stable. On the enterprise side, most companies are still in the process of pausing quotes and accepting orders, primarily dealing with pre-collected orders. The overall start-up rate of enterprises hasn't changed much, and daily production remains stable. On the market side, upstream cost-end prices remain high, providing strong support. Downstream procurement is active, and the market's rigid demand continues to support it, resulting in a continued robust market price. In summary, with high MAP cost-end prices and persistent downstream demand, it's expected that MAP market prices will continue to maintain high operations.
Diammonium Phosphate Price Index:
Based on Feidoodoo's data, as of August 28, the domestic mainstream 64% granular Diammonium Phosphate (DAP) index was 3722, stable; the 60% brown index was 3200, stable; the 57% content index was 3215, steady.
Diammonium Phosphate Market Analysis and Forecast:
Today's domestic DAP market price remains steady. From the business perspective, most enterprises are still pausing their quotes and order acceptance, mainly dealing with pending orders, and there's a clear willingness among enterprises to keep prices high. On the market side, there is currently a small amount of goods arriving, resulting in tight supply and a market trend of tight goods leading to higher prices. Internationally, there's a follow-up demand from Bangladesh, causing international prices to rise again. In summary, with the overlapping domestic and international demand for DAP, the market atmosphere is positive. It's anticipated that DAP prices will continue to maintain a high operational level.
