Phosphate Fertilizer Daily Review: Cost Support Awaited, Phosphate Fertilizer Prices Remain Stable

Monoammonium Phosphate Price Index:

According to Fei Duo Duo data: On October 26th, the domestic price index for monoammonium phosphate (MAP) with 55% powder content was 3218.75, showing an increase; the 55% granular MAP index was 2820.00, remaining stable; and the 58% powder MAP index was 3410.00, showing an increase.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic monoammonium phosphate (MAP) market in China mostly exhibited consolidating trends in prices. On the factory side, many factories are holding back shipments as they have received a high volume of orders for November. Currently, many factories have temporarily stopped taking new orders, and there is no pressure on factory shipments. Regarding supply, the operating rate of MAP production has slightly decreased in recent days, mainly due to high upstream production costs, leading to some MAP factories suspending production and a slight reduction in supply. In terms of demand, the market's focus has shifted towards winter storage, and downstream buyers are gradually following suit. In summary, the MAP market is currently characterized by low supply levels, with companies awaiting support from pending shipments. However, overall favorable support factors are relatively weak, and it is expected that the MAP market will continue to consolidate prices in the short term.

Diammonium Phosphate Price Index:

According to Fei Duo Duo data: On October 26th, the mainstream domestic price index for diammonium phosphate (DAP) with 64% granular content was 3791.67, remaining stable; the 60% brown DAP index was 3350.00, remaining stable; and the 57% content DAP index was 3415.00, showing an increase.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic diammonium phosphate (DAP) market in China exhibited upward price consolidation trends. On the factory side, many factories still have a small quantity of domestic autumn orders remaining, and many are actively fulfilling export orders, which is supporting their confidence. Regarding demand, the start of winter storage in the agricultural sector has been slow, with insufficient follow-up, and downstream purchasing attitudes are cautious. In terms of raw materials, the prices of raw phosphate rock remain firm, while sulfur prices continue to decline, providing ongoing cost support. In summary, DAP factories are supported by export orders, and downstream confidence remains strong. It is expected that DAP prices will continue to remain stable and consolidate in the short term.