Phosphate Fertilizer Daily Review: Tight Supply Leads to Speculative Price Increases in the Market
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data calculations: On November 8, the domestic index for 55% powdered MAP was 3468.75, rising; the 55% granular index was 3400.00, rising; the 58% powdered index was 3616.67, rising.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic monoammonium phosphate market prices continued to adjust slightly upwards. On the factory side, major manufacturers continue to suspend taking orders and quoting prices, focusing on fulfilling pre-received orders with no intention of accepting new orders in the short term. Some smaller factories are accepting orders in limited quantities with continued price increases. The market atmosphere for price hikes remains strong, with many manufacturers continuously raising factory prices. In terms of supply, daily production continues at a low level, with an upcoming December hiatus in upstream phosphate rock mining, sustaining the shortage of goods. On the demand side, there is still inquiry and purchase demand from downstream and traders, with the market having a rigid demand, which is a positive factor for demand. In summary, with several favorable factors for the monoammonium phosphate market, the business sentiment is pushing prices up, and it is expected that the market prices of monoammonium phosphate will continue to rise in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data calculations: On November 8, the domestic mainstream index for 64% granular DAP was 3875.00, rising; the 60% brown index was 3730.00, rising; the 57% content index was 3550.00, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market prices were being adjusted. On the factory side, most manufacturers continue to fulfill export orders, with many halting acceptance of domestic orders, leading to a positive manufacturer sentiment. Regarding supply, the low operation rate has led to tight market supply and price increases, with enterprises releasing goods in small quantities as needed, resulting in a tight supply and traders reluctant to sell. On the demand side, upstream traders are actively seeking goods, and downstream rigid demand is following, with a cautious wait-and-see attitude, waiting for mainstream enterprises to set clear prices. In terms of raw materials, the prices of raw sulfur and synthetic ammonia continue to adjust narrowly upwards, with costs still providing strong support. In summary, the current market for diammonium phosphate has a strong speculative atmosphere for price increases, and it is expected that the prices of diammonium phosphate will continue to remain firm in the short term.
