Daily Review of Phosphate Fertilizers: Post-Holiday Market Speculation Intensifies, Phosphate Fertilizer Prices Show Positive Trends
Monoammonium Phosphate Price Index:
According to Feidoodoo data estimates: On February 20th, the domestic index for 55% powdered monoammonium phosphate remained stable at 3050.00; the 55% granular index was also stable at 3250.00; the 58% powdered index remained steady at 3383.33.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic market prices for monoammonium phosphate continue to operate steadily. From the corporate perspective, companies are continuing to implement the floor price policy established before the holiday, with no changes in the current ex-factory prices, which largely remain at pre-holiday levels. In terms of market dynamics, there has been an increase in inquiries recently, but actual order follow-ups are limited, and the market trading atmosphere is gradually recovering. Regarding demand, there is minimal follow-up on inquiries, and the downstream compound fertilizer market is slowly starting up, with enthusiasm for mono ammonium phosphate purchases yet to improve. In terms of raw materials, the prices of raw sulfur and phosphate rock continue to be stable, with synthetic ammonia prices slightly increasing, indicating a stable yet slight adjustment in raw material prices. Overall, the post-holiday transaction activity for monoammonium phosphate is gradually recovering, with signs of demand starting up, and it is expected that the monoammonium phosphate market prices will continue to operate steadily in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data estimates: On February 20th, the domestic mainstream index for 64% granular diammonium phosphate was stable at 3851.67; the 60% brown index remained steady at 3450.00; the 57% content index was stable at 3522.50.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market prices remain stable. On the corporate side, companies are actively dispatching pre-received orders, with some local companies slightly increasing their prices; upstream traders' quotations remain stable, with no significant adjustments to the collection prices. In terms of market dynamics, the trading atmosphere has improved compared to earlier, with overall shipments looking positive, and the current market supply is relatively tight, leading to a tense spot supply. Regarding demand, post-holiday spring plowing demand is gradually recovering, and under the influence of export rumors, the speculation atmosphere among operators has slightly risen, with many waiting to see the export policy situation, maintaining a generally strong wait-and-see atmosphere. In terms of raw materials, the prices of raw sulfur and phosphate rock continue to be stable, with a slight increase in synthetic ammonia prices, indicating weak and stable cost support. Overall, the current diammonium phosphate market is experiencing tight supply, coupled with persistent market demand, making prices more likely to rise than fall, and it is expected that the diammonium phosphate market prices will likely continue to operate steadily with adjustments in the short term.
