Phosphate Fertilizer Daily Review: Many companies suspend quotations, phosphate fertilizer prices remain stable.

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data: On August 23rd, the domestic MAP 55% powder index was 2971.43, stable; the 55% granular index was 2820, stable; the 58% powder index was 3216.67, stable.

MAP Market Analysis and Forecast:

Domestic MAP prices remained unchanged today. On the upstream and downstream sides, the current price of synthetic ammonia in the upstream continues to rise, leading to an increase in MAP costs. The downstream compound fertilizer companies still have a purchasing demand for MAP, maintaining its price's upward trend. On the export side, domestic export order volumes have increased, providing positive support to the MAP market in the short term. Regarding the companies, most of them are still in the process of suspending quotations and accepting orders, with ample pending shipments. Overall, the positive factors dominate the MAP market, and the price of MAP is expected to remain at high levels.

Diammonium Phosphate (DAP) Price Index:

According to FertilizerPlus data: On August 23rd, the mainstream 64% granular index of domestic DAP was 3722, stable; the 60% brown index was 3250, stable; the 57% content index was 3215, stable.

DAP Market Analysis and Forecast:

The domestic DAP market price remained stable today. On the company side, most companies are fulfilling previous domestic and export pre-orders, with no new quotations. Company inventories are low, and traders' quotations are firm. In terms of the market, the current market supply is tight, and the DAP supply is insufficient, to some extent maintaining the high price operation of DAP. Overall, with strong demand in the DAP market and tight supply, prices are expected to continue to operate at high levels.