Phosphate Fertilizer Daily Review: Bullish Market Sentiment, Narrow Increase in Phosphate Fertilizer Prices
Monoammonium Phosphate (MAP) Price Index:
According to data calculated by Feidoodoo, as of March 5th, the domestic index for 55% powdered MAP was stable at 3076.25; the 55% granular index was stable at 3250.00; and the 58% powdered index was stable at 3400.00.
MAP Market Analysis and Forecast:
Today, the domestic MAP market prices continue to operate steadily. From the manufacturing perspective, factories currently hold some orders without sales pressure, leading to a general increase in quotations. Market-wise, there's a strong bullish sentiment, with prices facing downward pressure under the influence of export news. In terms of demand, downstream compound fertilizer companies continue to maintain a demand-based purchasing approach, with a general wait-and-see attitude. Regarding raw materials, prices for sulfur and phosphate rock have slightly increased, while ammonia prices continue to adjust upwards, leading to an overall increase in raw material costs. In summary, with the support of pending orders from MAP market enterprises and a strong market speculation atmosphere, the industry's sentiment is mostly bullish. It is anticipated that MAP market prices will stabilize and gradually explore minor increases in the short term.
Diammonium Phosphate (DAP) Price Index:
According to data calculated by Feidoodoo, as of March 5th, the domestic mainstream index for 64% granular DAP increased to 3855.00; the 60% brown index remained stable at 3450.00; and the 57% content index was stable at 3527.50.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices have seen a slight upward adjustment. From the enterprise perspective, there have been no changes in quoted prices, with prices remaining stable and most pending orders extending to the end of this month. The current market supply and demand remain tight, with a reluctant-to-sell and bullish sentiment among enterprises. Market-wise, the main theme remains to ensure supply stability, with recent improvements in sales and some regions following up on immediate needs, contributing to a positive market atmosphere. In terms of demand, with the nearing demand season, downstream immediate needs are followed up in a suitable amount, leading to overall good transactions. Regarding raw materials, prices for sulfur and phosphate rock have seen a narrow upward adjustment, while ammonia prices continue to rise, strengthening upstream cost support. In summary, the current DAP market is characterized by tight supplies and existing downstream immediate needs, maintaining suitable purchasing levels. It is expected that DAP market prices will remain stable in the short term.
