Phosphate Fertilizer Daily Review: Companies Remain Optimistic, Prices Steadily Narrowing

Monoammonium Phosphate Price Index:

According to Feidoodoo, on October 25th, the domestic 55% powdered monoammonium phosphate index stood at 3181.25, stable; the 55% granular index was 2820.00, stable; and the 58% powdered index was 3383.33, stable.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic monoammonium phosphate market prices continued to remain stable. From the company's perspective, most companies have pending orders, with some companies seeing an increase in such orders. All have received orders and many have temporarily stopped quoting. The current market quotations are firm, and companies are optimistic, with a clear intention to raise prices. In terms of supply, the current start-up rate of monoammonium has slightly declined, with companies receiving only a few new orders and many reducing production to maintain prices, leading to a continuous decline in supply. In terms of demand, the market's focus has shifted to winter storage, with continuous follow-up of new orders and a hot market inquiry. Overall, the current demand for monoammonium continues to follow up, with low supply being favorable, and support from pending company orders. It is expected that the monoammonium phosphate market prices will remain firm and explore increases in the short term.

Diammonium Phosphate Price Index:

According to Feidoodoo, on October 25th, the domestic mainstream 64% granular diammonium phosphate index was 3791.67, stable; the 60% brown index was 3350.00, rising; and the 57% content index was 3340.00, stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate market prices were consolidated. From the company's perspective, the dispatch of previous orders has basically ended, with only a few autumn orders remaining. Currently, export orders are being dispatched, and with the support of these export orders, companies remain firm in their stance. In terms of demand, current agricultural planting is steadily increasing, with the market's supplementary order demand beginning to emerge. Downstream traders are actively inquiring in the market, looking for low-priced sources for purchase. In terms of raw materials, the price of raw phosphate rock remains firm, with costs still at a high level. Overall, with the high costs of diammonium phosphate and continuous market demand follow-up, it is expected that the diammonium phosphate prices will continue to stabilize and consolidate in the short term.