Phosphate Fertilizer Daily Review: Export News Boosts Market, Downstream Demand Gradually Released
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data estimation: On February 26, the domestic monoammonium phosphate 55% powder index was 3050.00, stable; the 55% granular index was 3250.00, stable; the 58% powder index was 3400.00, stable.
Monoammonium Phosphate Market Analysis and Forecast:
Today, the domestic mono ammonium phosphate market prices continue to operate stably. On the corporate side, new orders continued to follow up, with quotes being stable and slightly adjusting. Currently, low prices in the market are hard to find, and factory prices may stabilize with a slight upward exploration. On the market side, the atmosphere for inquiries is still acceptable, and export news continues to drive the market atmosphere, with a strong speculative atmosphere and a strong intention for price increases. On the demand side, the spring plowing and fertilization by the downstream compound fertilizer are about to be fully launched, and the downstream factory demand is gradually released, forming a positive factor. In terms of raw materials, the prices of raw materials such as sulfur and phosphate rock remained stable, while the price of synthetic ammonia continued to rise, with raw material prices operating within a range. In summary, the current mono ammonium phosphate market atmosphere is positive, and downstream demand is gradually being released. It is expected that the mono ammonium phosphate market prices will explore a narrow range of increases in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data estimation: On February 26, the domestic mainstream 64% granular diammonium phosphate index was 3843.33, falling; the 60% brown index was 3450.00, stable; the 57% content index was 3527.50, stable.
Diammonium Phosphate Market Analysis and Forecast:
Today, the domestic diammonium phosphate market prices slightly adjusted downwards. On the corporate side, there is still support for pending shipments, with current factory prices remaining stable, continuing to ship previous orders, and new orders following up gradually. On the market side, the market operates stably and positively, driven by export news, with a strong bullish atmosphere among traders. On the demand side, export news stimulated the purchasing mentality of the downstream, enhancing the enthusiasm of traders for stocking fertilizers. The winter storage market demand will be gradually released, but the current terminal demand is still recovering slowly, and the overall wait-and-see sentiment remains unchanged. In terms of raw materials, the prices of raw materials such as sulfur and phosphate rock are firm, and the price of synthetic ammonia is fluctuating upwards, with costs increasing narrowly. In summary, the current diammonium phosphate factory prices are stable, and the enthusiasm for downstream demand replenishment has increased. It is expected that the diammonium phosphate market prices will operate in an adjusted manner in the short term.
