Phosphate Fertilizer Daily Review: Tight Supply Leads to Intense Market Speculation

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo Data calculations, on November 8th, the domestic 55% powdered MAP index was 3468.75, rising; the 55% granular index was 3400.00, rising; the 58% powdered index was 3616.67, rising.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices continued to adjust with slight increases. Factory-wise, major manufacturers continue to suspend orders and quotations, focusing on fulfilling pre-received orders with no intention of accepting new ones in the short term. Some smaller factories are accepting orders in limited quantities, with prices continuing to rise. The market atmosphere remains bullish, with continuous upward adjustments in factory quotations. On the supply side, daily production continues at low levels, and with the upcoming December mining break for upstream phosphate rock, the shortage of supplies persists. On the demand side, downstream and traders still have inquiries and purchasing needs, with solid market demand and favorable demand-side factors. Overall, with multiple positive factors in the MAP market, traders have a bullish mentality, and it is expected that the MAP market prices will continue to rise in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo Data calculations, on November 8th, the domestic mainstream 64% granular DAP index was 3875.00, rising; the 60% brown index was 3730.00, rising; the 57% content index was 3550.00, stable.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices are adjusting. Factory-wise, most manufacturers continue to fulfill export orders, with domestic sales largely in a pause phase, and manufacturers have a positive sentiment. On the supply side, low operation rates have led to tight supply and rising prices, with enterprises releasing goods in small quantities as needed, and traders are reluctant to sell. On the demand side, upstream traders are actively seeking goods, downstream rigid demand follows, with a cautious wait-and-see attitude, waiting for mainstream enterprises to set clear prices. Regarding raw materials, the prices of raw sulfur and synthetic ammonia continue to rise narrowly, with costs still providing strong support. Overall, the current DAP market has a strong speculative atmosphere, and it is expected that DAP prices will continue to be robust in the short term.