Phosphate Fertilizer Daily Review: The market still has positive support; Phosphate fertilizer prices remain stable
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data: On October 8, the domestic MAP 55% powder index was 3131.25, showing an increase; the 55% granule index was 2820, remaining stable; the 58% powder index was 3333.33, marking an increase.
MAP Market Analysis and Forecast:
Today, the domestic MAP market price continues to maintain a majorly stable and minor adjustment trend. On the corporate side, companies continue to fulfill pre-ordered contracts, with many temporarily suspending quotations. The volume of shipments is gradually decreasing, but there's still some support. In terms of costs, raw material prices remain high, providing cost support. In terms of demand, although the fall sales are coming to an end, the winter storage in the Northeast market continues, indicating that the market's essential needs are still present. Overall, the MAP market has seen little change, and it's expected that the MAP market price will continue to maintain a stable operation in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data: On October 8, the domestic mainstream DAP 64% granule index was 3784, remaining stable; the 60% brown index was 3320, also stable; the 57% content index was 3282.50, stable as well.
DAP Market Analysis and Forecast:
Today, the domestic DAP market price continues its stable operation. From the corporate perspective, companies are still shipping out pre-ordered contracts. Some companies have temporarily halted their equipment for maintenance, leading to a slight decrease in operation rates. In terms of demand, the DAP market's demand is lukewarm, with end-user demand being average, maintaining a rather tepid transaction atmosphere. Regarding raw materials, the prices of sulfur and synthetic ammonia continue to rise, providing continued cost support. Overall, the DAP market's transaction atmosphere is tepid, and the DAP market price is expected to continue its majorly stable and minor adjustment trend.
