Phosphate Fertilizer Daily Review: Supported by Upstream and Downstream Positives, Phosphate Fertilizer Prices Remain Firmly High

Monoammonium Phosphate (MAP) Price Index:

According to data calculated by Feidoodoo: On November 1st, the domestic index for 55% powdered MAP was 3293.75, showing an increase; the 55% granular index was 2820.00, stable; the 58% powdered index was 3500.00, also showing an increase.

MAP Market Analysis and Forecast:

Today, the domestic MAP market continued its high-level consolidation. Regarding factories, many have a large volume of pending orders, most exceeding one month, currently accepting orders in a limited capacity. The factories maintain a positive attitude, generally holding prices firm. In terms of supply, the MAP production rate remains low, resulting in a market shortage of supply. Regarding demand, the current market demand is mainly for winter storage, with essential demand expected to continue, and procurement actively following up. Overall, given the continued supply tension and support from factories with pending orders, as well as downstream ongoing restocking in an orderly manner, it is expected that MAP market prices will continue to operate firmly at high levels in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculation: On November 1st, the domestic mainstream index for 64% granular DAP was 3805.00, stable; the 60% brown index was 3500.00, stable; the 57% content index was 3465.00, also stable.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices continued to stabilize and consolidate. Regarding factories, they continue to fulfill export orders, with many factories yet to announce winter storage prices and domestic orders pending payment. In terms of supply, the DAP market continues to experience a scarcity of supply, keeping it tight. In terms of demand, the current market demand mainly follows essential needs, with downstream traders maintaining a cautious wait-and-see attitude, and industrial essential needs for winter storage purchasing. Regarding raw materials, the prices of sulfur and synthetic ammonia have fluctuated slightly, with cost support still existing. Overall, supported by export orders pending from DAP factories, essential demand still existing, and high raw material prices holding firm, it is expected that DAP prices will continue to stabilize and consolidate in the short term.