Phosphate Fertilizer Daily Review: The market trading atmosphere is weak, and the downstream holds a wait-and-see attitude.
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data: On September 12th, the domestic 55% powdered MAP index was 3114.29, which decreased; the 55% granular index was 2820, stable; the 58% powdered index was 3316.67, which decreased.
MAP Market Analysis and Forecast:
Today, the domestic MAP market price has been slightly adjusted downwards. On the enterprise side, most companies continue to execute pre-received orders and have temporarily stopped quoting, with few new orders being transacted. In terms of cost, the price of raw material sulfur continues to rise slightly, providing strong support on the cost side. In the market, there is a small amount of just-needed replenishment downstream, and the enthusiasm for new order purchases is average. The market trading atmosphere is weak, and the downstream purchases mostly hold a wait-and-see attitude. Overall, although the MAP market has cost support, the downstream has a resistance to high prices, and it is expected that the MAP market price will maintain a range-bound operation.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data: On September 12th, the domestic mainstream 64% granular DAP index was 3774, stable; the 60% brown index was 3210, which decreased; the 57% content index was 3412.5, which decreased.
DAP Market Analysis and Forecast:
Today, the domestic DAP market price continues to be slightly adjusted downwards. On the enterprise side, most companies are cashing in on pre-received orders, suspending quotations, and autumn goods are arriving in succession. Previous orders are sinking rapidly, and few new orders are being transacted by companies. On the market side, the enthusiasm of upstream traders for spot shipments has increased, and the downstream is affected by the news of urea exports, and some of the downstream just-needed follow-ups are cautious. Overall, at present, the DAP market downstream just-needed purchases are cautious, and the downstream purchases at high prices are small. It is expected that the DAP market price will maintain a mostly stable and slightly adjusted state.
