Phosphate Fertilizer Daily Review: Good Market Transactions, Prices Steadily Rising
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data estimation: On March 7th, the domestic 55% powder MAP index was 3118.75, stable; the 55% granule index was 3150.00, stable; and the 58% powder index was 3433.33, stable.
MAP Market Analysis and Forecast:
Today, the domestic MAP market prices remained stable. From the factory's perspective, manufacturers are mainly fulfilling pending orders, with most quotes remaining stable. Some manufacturers have suspended quoting, showing a clear reluctance to sell, and negotiations are ongoing. In the market, there are no significant changes, transactions are average, and there is a lot of wait-and-see attitudes, with industry participants still focusing on export policy conditions in the short term. Regarding demand, downstream demand continues to maintain small, need-based purchases, with inquiries for restocking increasing in recent days, but overall, there is still caution towards purchasing high-priced raw materials. For raw materials, prices for sulfur and phosphate rock have seen slight adjustments, while ammonia prices continue to rise, providing strong cost support. In summary, with the support of pending orders from MAP enterprises strong cost support, and the potential for increased demand, MAP market prices are expected to maintain a steady and narrow adjustment in the short term.
Diammonium Phosphate (DAP) Price Index:
According to Fertilizer Plus data estimation: On March 7th, the domestic mainstream 64% granule DAP index was 3855.00, stable; the 60% brown index was 3450.00, stable; and the 57% content index was 3527.50, stable.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices remain stable. From the enterprise perspective, company quotes are stable with no new prices announced currently, and there is a tight supply leading to a reluctance to sell. In the market, the trend is stable with a slight improvement in goods movement and a positive atmosphere, bolstered by export news, enhancing industry confidence. Regarding demand, as the fertilizing season approaches, downstream purchasing is need-based and orderly. For raw materials, prices for sulfur and phosphate rock have slightly adjusted, while ammonia prices continue to rise, leading to unstoppable cost increases. In summary, with a tight supply in the DAP market and orderly follow-up on downstream immediate needs, DAP market prices are expected to continue operating at high levels with adjustments in the short term.
