Phosphate Fertilizer Daily Review: Market has a strong fear of high prices, few new orders transacted

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On September 14th, the domestic MAP 55% powder index was 3107.14, showing a decline; the 55% granular index was 2820, stable; the 58% powder index was 3316.67, stable.

MAP Market Analysis and Forecast:

Today, the domestic MAP market price slightly adjusted downwards. On the enterprise side, most companies continue to execute the remaining pre-collected orders from earlier, with many pausing their quotations and few new orders being transacted, resulting in a general trading atmosphere. In terms of cost, the prices of raw materials such as sulfur and synthetic ammonia have slightly decreased, leading to a synchronous adjustment in MAP prices. On the demand side, there is still a gap in autumn demand downstream, but due to the high price factor, downstream purchases are made cautiously and in small quantities. Overall, with both the cost and demand sides being bearish for MAP, it is expected that the MAP market price will slightly decline in the coming period. The specific trend still depends on the price trend on the cost side.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On September 14th, the domestic mainstream DAP 64% granular index was 3774, stable; the 60% brown index was 3210, stable; the 57% content index was 3412.5, stable.

DAP Market Analysis and Forecast:

Today, the domestic DAP market price continues to operate at a high level. On the enterprise side, companies continue to execute pre-collected orders, pausing quotations, and waiting to ship around mid-October. In terms of cost, the current cost-side phosphate rock and sulfuric acid prices are relatively stable, and DAP prices have stabilized after ceasing to rise. On the demand side, there is still a partial demand gap in the fall, but the overall market purchasing enthusiasm is weak, and downstream traders mostly adopt a wait-and-see attitude. Overall, with the current cautious purchasing downstream in the DAP market and weakened cost support, it is expected that the DAP market price will maintain a mostly stable with minor adjustments status.