Phosphate Fertilizer Daily Review: Market Supply Falls Short, Phosphate Fertilizer Prices Continue to Rise
Monoammonium Phosphate Price Index:
According to Feidoodoo data, on August 29, the domestic monoammonium phosphate 55% powder index was 3025.71, showing an increase; the 55% granular index was 2820, remaining stable; the 58% powder index was 3250, showing an increase.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic price of monoammonium phosphate experienced a slight increase. On the enterprise side, companies continue to fulfill previous orders and are currently suspending quotations and new orders. Enterprise production rates are increasing, leading to a slight increase in output. On the market side, there is a noticeable increase in the prices of raw materials such as sulfur and synthetic ammonia, pushing the cost higher and supporting the elevated price of monoammonium phosphate. The downstream continues to replenish a small amount of essential supplies. Overall, with high costs on the monoammonium side and persistent downstream demand, it's expected that the monoammonium phosphate market price will continue to run at a high level.
Diammonium Phosphate Price Index:
According to FertilizerMore's data, on August 29, the domestic mainstream diammonium phosphate 64% granular index was 3722, remaining stable; the 60% brown index was 3200, also stable; the 57% content index was 3215, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market trend appears favorable. On the enterprise side, companies have limited inventory and scarce supplies, mainly suspending quotations and accepting new orders, while fulfilling previously received pre-orders. The bullish sentiment among enterprises is strong. On the market side, there is currently a need for autumn fertilization, market deliveries are slow, and supply is tight, pushing prices higher. In summary, the diammonium phosphate market is in high demand, supplies are limited, and demand exceeds supply. It is expected that diammonium phosphate prices will continue to maintain their high levels.
