Phosphate Fertilizer Daily Review: Autumn Demand Gradually Concludes; Market Remains Observant
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data, on October 7th, the domestic MAP 55% powder index is 3118.75, showing an increase; the 55% granular index is stable at 2820; the 58% powder index remains steady at 3316.67.
MAP Market Analysis and Forecast:
Today's domestic MAP market prices continue to remain largely stable with minor adjustments. From the business perspective, companies are mainly executing earlier pre-orders, suspending quotations, and waiting to reduce shipments, but there remains some support. In terms of cost, raw material prices continue to operate at high levels, providing continued support. On the demand side, the downstream autumn fertilizer market continues with a minor amount of on-demand replenishment. As the autumn demand gradually wraps up, the market is currently in a wait-and-see state. Overall, without any new positive stimuli, the MAP market is expected to maintain stability in the short term.
Diammonium Phosphate (DAP) Price Index:
Based on Feidoodoo data, on October 7th, the domestic mainstream DAP 64% granular index stands stable at 3784; the 60% brown index is steady at 3320; the 57% content index has decreased to 3282.50.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices continue to remain stable. From the business side, companies continue to ship earlier pre-orders. Some companies have stopped their equipment for maintenance, causing a slight decrease in the start-up rate. In terms of demand, the autumn fertilizer season is wrapping up, and the market purchasing enthusiasm is average, with an overall calm trading atmosphere. On the raw material side, the prices of raw sulfur and synthetic ammonia continue to rise, strengthening the cost support. In conclusion, the DAP market is primarily supported by rising raw material prices and currently lacks other supporting factors. Therefore, it's predicted that the DAP market will continue to maintain its largely stable state with minor adjustments.
