Phosphate Fertilizer Daily Review: Positive Market Sentiment, Enthusiasm for Procurement and Stocking Increases
Monoammonium Phosphate (MAP) Price Index:
According to data calculated by Feidoodoo: On February 27th, the domestic index for 55% powdered MAP was 3076.25, showing an increase; the 55% granular index was stable at 3250.00; the 58% powdered index was steady at 3400.00.
MAP Market Analysis and Forecast:
Today, the domestic MAP market prices have been adjusting upwards. From the factory perspective, manufacturers have a strong willingness to raise prices, with current quotations continuing to lift, maintaining a steady upward trend. The supply of lower-end goods is gradually decreasing, moving the market's transaction focus upwards. Market-wise, the sentiment is quite active, driven by the export atmosphere, with a bullish outlook among traders, contributing to a positive trading environment. Regarding demand, the progress of agricultural stocking has been slightly delayed due to temperature impacts, but downstream factory demand is gradually being released, with a slow increase in capacity utilization rates and an improvement in goods movement. In terms of raw materials, prices for sulfur and phosphate rock remain stable, while ammonia prices continue to rise, leading to minor fluctuations in raw material costs. Overall, with a high bullish sentiment among MAP market participants and gradually following demand, it is expected that MAP market prices will continue to explore narrow gains in the short term.
Diammonium Phosphate (DAP) Price Index:
According to data calculated by Feidoodoo: On February 27th, the domestic mainstream index for 64% granular DAP was stable at 3843.33; the 60% brown index was steady at 3450.00; the 57% content index was stable at 3527.50.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices remain stable. On the corporate side, enterprise quotations have remained steady, with some local prices adjusting narrowly upwards, most price adjustments upward, and market quotations gradually leaning towards the higher end. Market-wise, the atmosphere continues to improve, with improved transactions and export news boosting confidence, leading to a positive outlook for the future market. In terms of demand, the atmosphere for winter storage transactions in mainstream regions has improved, with the downstream continuing to follow up on essential demands. Regarding raw materials, prices for sulfur and phosphate rock are firm, while ammonia prices have been adjusted narrowly upwards, leading to narrow fluctuations in costs. Overall, with winter storage demand for DAP gradually being released and positive market sentiment, DAP market prices are expected to consolidate in the short term.
