Phosphate Fertilizer Daily Review: Market Supply Remains Tight, Phosphate Fertilizer Prices Continue to Rise

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo Data calculations: On November 7th, the domestic index for 55% powdered MAP was 3412.50, rising; the 55% granular index was 3380.00, rising; the 58% powdered index was 3516.67, stable.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic MAP market price continues to probe higher. On the factory side, manufacturers continue to suspend taking orders, with a large amount of pending shipments supporting the market, and most pending orders exceed one month, leading to a positive sentiment among manufacturers. On the supply side, the market resources remain tight, and the transaction focus still has room to rise. On the demand side, the market atmosphere for inquiries is still decent, but as prices continue to rise, some traders have become cautious and adopt a wait-and-see attitude. Overall, with the support of a large volume of pending shipments and the manufacturers' strong price sentiment, coupled with the continued tight supply in the market, it is expected that the MAP market prices will continue to explore higher levels in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo Data calculations: On November 7th, the domestic mainstream index for 64% granular DAP was 3866.67, stable; the 60% brown index was 3550.00, stable; the 57% content index was 3550.00, stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic DAP market prices continue to adjust narrowly upwards. On the factory side, most manufacturers are still in the process of executing export orders, with many suspending domestic orders and currently pausing quotations. On the supply side, the scarcity of market resources continues, and the operating rate remains low, leading to a tight market supply. On the demand side, the rigid demand in the Northeast is evident, and the atmosphere for seeking goods downstream is improving, with demand following up gradually. On the raw material side, the prices of raw sulfur and synthetic ammonia continue to rise narrowly, with strong cost support continuing. In summary, the current DAP market is tight and prices are rising, with a positive atmosphere for pushing prices up, and it is expected that DAP prices will continue to remain firm in the short term.