Daily Review of Phosphate Fertilizers: Improved Trading for Monoammonium Phosphate, Low Inventory for Diammonium Phosphate
Monoammonium Phosphate (MAP) Price Index:
According to data from Feidoodoo, on February 29th, the domestic price index for 55% powdered MAP was 3076.25, stable; the index for 55% granular MAP was 3250.00, stable; and the index for 58% powdered MAP was 3400.00, stable.
Market Analysis and Forecast for Monoammonium Phosphate:
Today, the domestic MAP market prices continue to operate steadily. On the production side, some factories maintained restricted order acceptance or halted sales, showing a reluctance to sell, with current quotations generally trending upwards and actual transaction focus gradually shifting higher. In the market, the atmosphere for price increases is strong, with the current trend remaining stable and industry players maintaining a wait-and-see attitude. In terms of demand, the enthusiasm of traders to stock up has increased, while procurement of raw materials by downstream compound fertilizer factories is limited, maintaining just-in-time purchasing. The operation of downstream factories continues to increase, and end-user demand is awaiting recovery. Regarding raw materials, the prices of sulfur and phosphate rock experienced minor fluctuations, while the price of synthetic ammonia continued to rise, keeping raw material prices stable. Overall, the current MAP market atmosphere is positive, with prices still having upward potential. It is expected that the MAP market prices will continue to adjust upwards in a narrow range in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data, on February 29th, the domestic mainstream price index for 64% granular DAP was 3843.33, stable; the index for 60% brown DAP was 3450.00, stable; and the index for 57% DAP was 3527.50, stable.
Market Analysis and Forecast for Diammonium Phosphate:
Today, domestic DAP market prices remain stable. On the corporate side, companies continued to dispatch previously pre-received orders, with the current limited company inventory acting as a positive factor, leading to stable quotations. In the market, with inventory levels low, industry players have a strong bullish outlook for the future, maintaining stability in the current market with stable transaction prices. In terms of demand, end-user agricultural needs are generally following, with winter storage continuing to progress and the market atmosphere remaining stable; industrial demand is slowly following, with downstream factory procurement enthusiasm slowing down and follow-up lagging. Regarding raw materials, the prices of sulfur and phosphate rock continued to remain stable, with the price of synthetic ammonia adjusting narrowly upwards, keeping costs firm. Overall, although DAP companies currently have low inventories, downstream demand has not yet been released, and it is expected that DAP market prices will remain stable with slight adjustments in the short term.
