Daily Review of Phosphate Fertilizers: Demand Yet to Be Released, Market Driven by Export News
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data estimations, as of March 4, the domestic index for 55% powdered MAP stands at 3076.25, stable; the 55% granular index is at 3250.00, stable; and the 58% powdered index is at 3400.00, stable.
MAP Market Analysis and Forecast:
Today, the domestic market price of MAP continues to operate steadily. On the factory side, new orders are being followed up with, some factories have filled their March orders, and the current mentality is optimistic, with many manufacturers stopping sales and hoarding. On the market side, there is a strong speculative atmosphere in the market, and the price is being pushed up. Under the influence of export policies, the confidence of traders has been boosted. In terms of demand, there is still a gap in raw materials for downstream compound fertilizer companies, and the improvement in demand is relatively limited. Currently, purchases are maintained at basic needs, with weak enthusiasm for raw material procurement. Regarding raw materials, the prices of sulfur and phosphate ore have fluctuated slightly, while the price of synthetic ammonia has continued to rise, with raw material prices undergoing adjustments. Overall, the current MAP market is driven by export news, with high bullish sentiment and boosted confidence among traders, and it is expected that MAP market prices will explore increases within a stable range in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data estimations, as of March 4, the domestic mainstream index for 64% granular DAP stands at 3846.67, stable; the 60% brown index is at 3450.00, stable; and the 57% content index is at 3527.50, stable.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices operate within a consolidation. On the enterprise side, the ex-factory prices continued to remain stable, with the industry maintaining high operation levels. On the market side, influenced by export news and a still tight supply-demand situation, the market sentiment is positive, with a strong bullish atmosphere. Traders are more enthusiastic about stocking up, with positive expectations, and the market is expected to remain stable without significant fluctuations in the short term. In terms of demand, there has not yet been a situation of concentrated purchasing by the end-users, with only basic needs being cautiously followed. Regarding raw materials, the prices of sulfur and phosphate ore have slightly declined, while the price of synthetic ammonia has continued to rise, leading to stronger costs. Overall, with DAP enterprises still having low inventory levels and slow follow-up by end-demand, the DAP market prices are expected to continue operating stably in the short term.
