Daily Review of Phosphate Fertilizers: General Transactions for New Orders, Downstream Continues to Purchase as Needed
Monoammonium Phosphate (MAP) Price Index:
According to data calculated by Feidoodoo: On March 18, the domestic index for 55% powdered monoammonium phosphate (MAP) stood at 3113.75, stable; the 55% granular index is at 3150.00, stable; and the 58% powdered index is at 3433.33, stable.
Market Analysis and Forecast for Monoammonium Phosphate:
Today, the domestic market price for monoammonium phosphate remains stable. From the factory perspective, manufacturers have sufficient pre-received orders, mostly executing pending shipments, with prices operating stably and transactions continuing to be negotiated on a case-by-case basis. On the market side, the market trend is stable but slightly weak, with the overall trading atmosphere being average, and the market situation awaiting improvement. In terms of demand, as it is the peak season for spring plowing, the downstream continues to maintain minimal necessary purchases. Compound fertilizer factories had adequate stockpiling earlier and currently show little interest in increasing their purchases, maintaining minimal purchases as needed. Regarding raw materials, prices for sulfur and phosphate rock are stable with slight fluctuations, while the price for synthetic ammonia is declining, reducing cost support. In summary, currently, mono ammonium phosphate manufacturers are holding pending shipments with stable prices. Downstream buyers are cautious about price increases, and the market is in a state of negotiation, expecting the mono ammonium phosphate market price to remain stable in the short term.
Diammonium Phosphate (DAP) Price Index:
According to data calculated by Feidoodoo: On March 18, the domestic mainstream index for 64% granular diammonium phosphate (DAP) is at 3855.00, stable; the 60% brown index is at 3460.00, stable; and the 57% content index is at 3527.50, stable.
Market Analysis and Forecast for Diammonium Phosphate:
Today, the domestic market price for diammonium phosphate continues to operate stably. From the factory perspective, manufacturers continue with their previous pricing strategies, focusing primarily on executing pre-received orders, with industry operations remaining at a high level. New orders are transacted in small quantities on the market side, with a stable trading atmosphere and actual transaction prices fluctuating narrowly. In terms of demand, the domestic spring plowing market continues to progress, with a steady demand expected in the agricultural market; downstream factories continue to maintain minimal purchases as needed. Regarding raw materials, prices for sulfur and phosphate rock remain stable, while the price for synthetic ammonia continues to adjust downward, leading to a downward adjustment in raw material prices. In summary, the current diammonium phosphate market continues to follow the spring plowing season, with factories focusing on pending shipments and the market operating stably, expecting a slight and weak adjustment in the diammonium phosphate market price in the short term.
