Phosphate Fertilizer Daily Review: No Positive Stimuli for the Market, Phosphate Fertilizer Prices Stabilize
Monoammonium Phosphate Price Index:
According to data calculated by Feidoodoo, on September 25, the domestic Monoammonium Phosphate 55% powder index was 3092.86, stable; the 55% granule index was 2820, stable; the 58% powder index was 3316.67, stable.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic Monoammonium Phosphate market prices maintained stable operations. On the enterprise side, companies are still primarily fulfilling previous pre-collected orders, pausing quotations, with an increase in pending shipments and worry-free deliveries. In terms of cost, the price of raw material synthetic ammonia continues to rise, continuing to provide support from the cost end. Regarding demand, the downstream autumn fertilizer market continues to maintain small amounts of on-demand replenishment, with demand in the Northeast market following suit, and overall demand changes are not significant. Overall, there is no favorable stimulus for the Monoammonium Phosphate market prices, and it is expected that Monoammonium Phosphate market prices will continue to remain firm in the short term.
Diammonium Phosphate Price Index:
According to data calculated by Feidoodoo, on September 25, the domestic mainstream 64% granule Diammonium Phosphate index was 3774, stable; the 60% brown index was 3320, stable; the 57% content index was 3412.5, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, domestic Diammonium Phosphate market prices continued to operate stably. On the enterprise side, companies have pending shipments supporting, with most companies continuing to ship previously pre-collected orders, and are currently in a state of pausing quotations and orders. In terms of demand, the current terminal purchasing enthusiasm is average, with a small amount of just-in-time demand following, and the market trading atmosphere is bland. Overall, with the support of pending shipments in the short term, Diammonium Phosphate market prices are expected to continue stable operations.
