Analysis on Ammonium Phosphate Market in August in China

By CnAgri2012-09-07 13:17:02 Print

While DAP price went steady at RMB3,200 ~ 3,350/MT in August, MAP price dropped RMB50 ~ 100/MT from the month before to a level of RMB2,750/MT.

DAP exports were slightly better than urea in August. India, the largest market of Chinese DAP, imported 595,000 MT DAP in July, a collapse of 44% on the year-on-year basis, affecting China’s exports. DAP producers attempt to cut supply to stabilize domestic price in the domestic market, but this approach is unlikely to produce long-term effect.

MAP price counts on compound fertilizer producers’ purchase. But dull compound fertilizer sales and stagnant compound fertilizer price led to a MAP price decline in August.

From "China Fertilizer Market Weekly Report"