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Phosphate Fertilizer Daily Review: Market Atmosphere Improves, Phosphate Fertilizer Prices Continue to Rise

June 12, 2024, 9:21 AM
feidoodoo
573
The domestic phosphate fertilizer market is showing positive signs with prices continuing to rise. According to Feidoodoo data, both monoammonium and diammonium phosphate indices have shown increases on September 5th. For monoammonium phosphate, strong upstream cost support and pre-received order support are driving prices up. Meanwhile, for diammonium phosphate, despite a steady supply, there's strong support from both exports and domestic demand, especially during the peak season for autumn fertilizer preparation. Overall, both monoammonium and diammonium phosphate prices are expected to maintain their high-level operations.