January 5th - Recently, it was learned from the China Phosphate and Compound Fertilizer Industry Association that nine phosphate fertilizer production enterprises have jointly issued a commitment letter, pledging to resolutely fulfill their responsibility to ensure supply and stabilize prices of phosphate fertilizers, and actively uphold the mission and responsibility of the fertilizer industry.
Chempricehub's analysis of monoammonium phosphate (MAP) shows a bearish score of -1. The joint commitment of nine phosphate fertilizer producers to ensure supply and stabilize prices reflects collective industry action to stabilize market supply and pricing. This enhances confidence in the supply of MAP in the spot market, reduces the risk of potential supply shortages, and may lead to downward pressure or stabilization of spot prices, thereby curbing upward momentum. The analysis is based on enterprises' commitments to ramp up production capacity and implement price controls. It is expected that spot prices will face slight downward pressure in the short term, and investors should monitor subsequent changes in actual supply data.
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