Phosphate Fertilizer Daily Review: Market Supply Falls Short, Phosphate Fertilizer Prices Continue to Rise

June 12, 2024, 9:21 AM
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Guide
Highlights at a glance
The monoammonium phosphate (MAP) market saw a slight price increase on August 29, with the 55% powder index rising to 3025.71 and the 58% powder reaching 3250, while granular prices remained stable at 2820. Producers are prioritizing fulfillment of prior orders, limiting new sales, amid rising production rates. Escalating raw material costs—particularly sulfur and synthetic ammonia—are supporting higher MAP prices. Downstream buyers are procuring minimal necessary volumes. With sustained demand and elevated cost pressures, MAP prices are expected to remain firm. Meanwhile, diammonium phosphate (DAP) prices held steady across key grades (64% granular at 3722, 60% brown at 3200, 57% at 3215), reflecting tight supply conditions. Manufacturers maintain low inventories and strong bullish sentiment, largely focused on pre-sold orders. Autumn fertilization demand is driving market activity, though delivery pace remains slow. Supply constraints continue to outpace demand, reinforcing upward pr
CNAUTO TDD-global