Phosphate Fertilizer Daily Review: Market demand weakens, trading atmosphere turns subdued.
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data: On September 13th, the domestic 55% powdered MAP index was 3114.29, stable; the 55% granular index was 2820, stable; the 58% powdered index was 3316.67, stable.
MAP Market Analysis and Forecast:
Today, the domestic MAP market price continues to operate at high levels. On the enterprise side, most companies continue to execute a small number of remaining pre-received orders from earlier, with many suspending quotations, and the trend of new orders is slow. In terms of cost, raw material prices continue to rise, providing strong support on the cost side. In the market, the pricing appears chaotic, downstream enthusiasm for high-priced purchases is average, with a small amount of as-needed low-priced procurement. Overall, although the MAP market has cost support, the downstream has resistance to high prices and adopts a wait-and-see attitude. It is expected that the MAP market price will maintain a range-bound operation in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data: On September 13th, the domestic mainstream 64% granular DAP index was 3774, stable; the 60% brown index was 3210, stable; the 57% content index was 3412.5, stable.
DAP Market Analysis and Forecast:
Today, the domestic DAP market price continues to operate at high levels. On the enterprise side, most companies are cashing in on pre-received orders, suspending quotations. In terms of upstream and downstream, the enthusiasm of upstream traders for spot shipments has increased, while downstream traders hold a small amount of stock. However, due to high prices, the market trading atmosphere has turned subdued, with few new orders being transacted. In terms of cost, current phosphate rock and sulfuric acid prices are rising, supporting the price of DAP. Overall, the downstream procurement in the DAP market is cautious, and the market trading atmosphere is subdued. It is expected that the DAP market price will maintain a mostly stable and slightly adjusted state.
