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Analyzing MAP Prices in the Week Ending October 19

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MAP prices

In the week ending October 19, MAP (monoammonium phosphate) prices remained muted week-over-week at the two locations discussed below. Among the NPK (nitrogen, phosphorous, and potassium) fertilizers, phosphate fertilizers appear to be experiencing a slowdown, which might be something to watch for companies (MOO) like Mosaic (MOS), Nutrien (NTR), and Israel Chemicals (ICL).

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Weekly movements

Last week, the MAP prices in the NOLA (New Orleans) region of the US were flat week-over-week at $430 per metric ton. The MAP prices in the Brazil region declined by 22 basis points week-over-week to $457 per metric ton from $458 per metric ton. In the above chart, you can see that the MAP prices appear to be cooling off after reaching a peak earlier this month at $432 per metric ton in NOLA and $458 per metric ton in Brazil.

However, the MAP prices continued to remain strong in NOLA and Brazil YoY (year-over-year). The MAP prices in NOLA rose as much as 32% from $326 per metric ton in the same week in 2017. The MAP prices in Brazil rose as much as 26% YoY from $363 per metric ton in the week ending October 19.

Next, we’ll discuss how potash prices moved last week.

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