Phosphate Fertilizer Daily Review: Market Remains Stable, Prices Continue at High Levels Monoammonium Phosphate Price Index:

June 12, 2024, 9:21 AM
feidoodoo
2564
Guide
Highlights at a glance
The monoammonium phosphate (MAP) and diammonium phosphate (DAP) markets in China remain stable at high price levels as of September 7, according to Feidoodoo data. The 55% powdered MAP index stood at 3,121.43, the 55% granular at 2,820, and the 58% powdered at 3,333.33, all unchanged. Most MAP producers are not actively quoting, focusing instead on fulfilling prior orders, with limited new transactions occurring at slightly elevated prices. Raw material costs remain stable but high, supporting sustained market prices. Similarly, DAP prices showed no change, with the 64% granular index at 3,774, 60% brown at 3,450, and 57% content at 3,445. Supply remains tight as manufacturers prioritize existing domestic and export contracts, restricting new sales. While downstream demand is modest, with buyers purchasing small volumes at lower rates, unmet demand continues to underpin pricing strength. Overall, both MAP and DAP markets show little movement, with prices expected to stay high in the ne
CNAUTO TDD-global