Phosphate Fertilizer Daily Review: Market Prices High, Traders Maintain Wait-and-See Attitude

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data estimation: On November 22, the domestic index for 55% powdered MAP was stable at 3500.00; the 55% granular index was stable at 3400.00; the 58% powdered index was stable at 3683.33.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices remain high. From the factory side, factories mainly deliver previous orders, with a still large volume pending. Delivery remains tight, and prices are mostly stable. In terms of supply, daily production continues to be low, and the scarcity of goods in the market continues, providing support for MAP prices. On the market side, transactions are primarily in small volumes, with traders mostly making profitable shipments, and prices showing no significant fluctuations. In terms of demand, downstream compound fertilizer companies mostly adopt a wait-and-see approach, with limited new orders and average overall market transactions. In the Northeast market, the purchasing atmosphere is also low, with price inversion, and the wait-and-see attitude of downstream purchasers continues. In terms of raw materials, sulfur prices have slightly decreased, while synthetic ammonia and phosphate rock prices remain stable, still providing cost support. In summary, under the support of costs and pending orders, current MAP market quotations remain high, and it is expected that prices will continue to consolidate at a high level in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data estimation: On November 22, the domestic mainstream index for 64% granular DAP was stable at 3880.00; the 60% brown index was stable at 3670.00; the 57% content index was stable at 3610.00.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices maintain high-level consolidation. From the enterprise side, many are temporarily suspending receipts, with actual transactions mainly based on negotiations. Under the guidance of stable price supply policies, current enterprise quotations are relatively stable. On the supply side, the supply remains tight, and the scarcity of market resources continues, keeping traders' quotations high. On the demand side, winter storage demands are high, and downstream buyers are waiting for mainstream enterprise pricing, currently maintaining a wait-and-see attitude, with moderate purchasing enthusiasm. In terms of raw materials, sulfur prices have slightly decreased, while synthetic ammonia and phosphate rock prices are stable, providing cost support. In summary, under the current high price conditions of the DAP market, the traders' mentality remains firm, and it is expected that DAP prices will continue to consolidate in the short term.