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In August 2025, global phosphate fertilizer prices met with rising resistance from buyers. This month, the Mono-Ammonium Phosphate (MAP) market in China was down 2.63% though buyers remained careful as limited global supply reduced potential for a rapid price drop. Buyers cautiously balanced affordability against supply. This meant that buyers likely did not expect MAP prices to drop severely but had limited ability to assess buyers' intentions while prices eased. There was a narrow opportunity for price adjustment when scarcity continued to uphold values even while demand eased. Overall, the period continued to shift buyer sentiment and gradually ease prices.
Key Highlights-
The downstream agrochemical sectorx;s inactivity in August kept the MAP market dynamics under pressure, with limited domestic offtake. While India and Ethiopia continued to demand MAP, other countries were cautious on pricing, which stifled export opportunities. In China, producers relied on stable NPK blending to keep production rates consistent while awaiting the seasonal uptick in volume from September. The recent uptick in export quotas, still below historical norms, represented an organizational shift to pivot back to global markets. Planners were given a level of urgency with export...
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