Phosphate Fertilizer Daily Review: Strong Cost Support, Prices More Likely to Rise than Fall
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data estimates: On September 11th, the domestic MAP 55% powder index was 3121.43, stable; the 55% granular index was 2820, stable; the 58% powder index was 3333.33, stable.
MAP Market Analysis and Forecast:
Today, the domestic MAP market price continues to operate at a high level. On the enterprise side, most companies are still executing previous pre-received orders, with a large amount of shipments pending, many have temporarily stopped quoting, and there are few new orders. In terms of cost, raw material prices continue to rise, providing strong cost support, making MAP prices more likely to rise than fall. In the market, there is still a basic demand, downstream high-price purchasing enthusiasm is general, and a small amount is purchased at a low price as needed. Overall, the overall advantages of the MAP market dominate, and it is expected that the MAP market price will continue to operate at a high level.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data estimates: On September 11th, the domestic mainstream DAP 64% granular index was 3774, stable; the 60% brown index was 3350, down; the 57% content index was 3442, down.
DAP Market Analysis and Forecast:
Today, the domestic DAP market price has slightly adjusted. In terms of supply, the market's arrival volume increases in the autumn, companies' previous pre-received orders quickly sink, and companies are more active in shipping, with actual transactions negotiated on a case-by-case basis. In terms of demand, as the time for autumn fertilizer preparation shortens, the basic market demand continues to follow up. In the upstream and downstream sectors, the enthusiasm of upstream traders for spot shipments has increased, while the downstream is affected by the news of urea exports, and some purchasing attitudes are more cautious. Overall, the current DAP market's arrival volume has increased, and it is expected that the DAP market price will maintain a largely stable and slightly adjusted status.
