Daily Phosphate Fertilizer Review: Industry Shows Weakness, Traders Maintain Cautious Watch

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, on April 17th, the domestic MAP 55% powdered index was stable at 2931.25; the 55% granular index was stable at 3150.00; and the 58% powdered index was stable at 3283.33.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices remained stable. On the corporate front, companies continued to implement minimum guarantee policies, with several new policies being introduced. Many factories halted production for maintenance, reducing industry supply further. On the market side, traders are currently in a cautious and watchful state, with an overall subdued trading atmosphere, and the market maintaining stability. The outlook remains weak in the short term. On the demand side, demand continues to be weak, with limited new order follow-up and a continued decline in compound fertilizer production, leading to slower raw material purchases and weak high-price transactions. In terms of raw materials, prices for sulfur and phosphate rock maintained high levels of fluctuation, while synthetic ammonia prices weakly adjusted, with no significant downward trend in costs. Overall, the MAP market is operating weakly, with limited downstream follow-up and multiple factories reducing output due to halts, predicting a stable to slight downward adjustment in MAP market prices in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data, on April 17th, the domestic DAP mainstream 64% granular index was 3835.00, showing a decline; the 60% brown index was stable at 3450.00; and the 57% content index was stable at 3465.00.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices experienced minor fluctuations. Corporately, companies continued to execute shipments for exports and a small number of domestic sales, with domestic factory prices remaining temporarily stable, and actual transactions continuing on a case-by-case basis. In the market, local spot prices saw a narrow push upwards, with market operations undergoing minor adjustments and small fluctuations. On the demand side, domestic needs have reached their end phase, with downstream just-in-time follow-ups in the domestic spring planting market, and traders stabilizing prices for shipments, leading to a stable transaction atmosphere. Regarding raw materials, prices for sulfur and phosphate rock provided high-level support, and synthetic ammonia prices corrected at high levels, limiting fluctuations in raw material markets. Overall, some parts of the DAP market are showing tight supplies, with spot prices rising slightly, but current corporate quotes remain stable, continuing pre-receipts domestically and internationally, expecting DAP market prices to consolidate in the short term.