Phosphate Fertilizer Daily Review: Costs Continue to Provide Support, Phosphate Fertilizer Prices Undergoing Adjustment
Monoammonium Phosphate (MAP) Price Index:
According to data from Feidoodoo: On September 26th, the domestic MAP 55% powder index was at 3100.00, showing an increase; the 55% granule index was stable at 2820; the 58% powder index was stable at 3316.67.
MAP Market Analysis and Forecast:
Today, domestic MAP market prices maintained a slight upward adjustment. Regarding enterprises, companies are still fulfilling pre-received orders and have suspended quoting, with pending shipments providing support. On the cost side, the price of raw material synthetic ammonia continues to rise, offering support at the cost end. In terms of demand, the downstream continues to maintain a small amount of on-demand replenishment, the overall market atmosphere is flat, and there is no change in the demand side. Overall, there is not much change in the MAP market, and it is expected that MAP market prices will continue to remain firm in the short term.
Diammonium Phosphate (DAP) Price Index:
According to data from Fertilizer More: On September 26th, the domestic mainstream DAP 64% granule index was stable at 3774; the 60% brown index was stable at 3320; the 57% content index fell to 3352.50.
DAP Market Analysis and Forecast:
Today, domestic DAP market prices continued to run steadily. Regarding enterprises, companies still have pending shipments to support and continue to ship pre-received orders, temporarily suspending quotes and order acceptance. In terms of demand, current end-user demand is following up in small quantities, purchasing enthusiasm is not good, and the overall market trading atmosphere continues to be flat. On the raw material side, the prices of raw sulfur and synthetic ammonia continue to rise, providing high-level support for prices. Overall, the DAP market atmosphere is overall flat, and it is expected that DAP market prices will maintain a steady state with minor adjustments.
