Daily Review of Phosphate Fertilizers: Market Demand Follows Up, Boosting Trading Atmosphere
Monoammonium Phosphate Price Index:
According to Feidoodoo data estimates: On February 21st, 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 mono ammonium phosphate market prices continue to operate steadily. From the corporate perspective, company quotations remain stable, with few new quotes, and continuing pre-holiday prices. In terms of market dynamics, the mono ammonium phosphate market is stable with a wait-and-see attitude, and although recent market inquiries have increased, actual order follow-ups are limited, and the market atmosphere needs to improve. Regarding demand, downstream purchasing enthusiasm remains low, with a slight improvement in compound fertilizer market shipments, but the overall purchasing sentiment remains subdued. In terms of raw materials, phosphate rock prices remain stable, while sulfur and synthetic ammonia prices have slightly increased, causing minor fluctuations in raw material prices. Overall, although the mono ammonium phosphate market is experiencing slow order follow-ups, the slight increase in raw material prices forms a positive aspect, and it is expected that mono ammonium phosphate market prices will continue to operate steadily in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data estimates: On February 21st, 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 continue to execute pre-received orders, with current market transaction prices largely continuing from earlier. In terms of market dynamics, market arrivals are limited, supply is tight, and the cautious attitude among operators continues, with many operating cautiously. Regarding demand, winter storage in certain areas is following up on essential needs, improving market shipments, with downstream factories cautiously following up on essential needs and the wait-and-see sentiment remaining unchanged. In terms of raw materials, phosphate rock prices remain stable, while sulfur and synthetic ammonia prices fluctuate upwards, causing a narrow increase in costs. Overall, with some demand follow-up in the diammonium phosphate market and the continuation of tight market supply, it is expected that diammonium phosphate market prices will continue to operate steadily with adjustments in the short term.
