Daily Phosphate Fertilizer Review: Market Continues Weak Performance, Trading Atmosphere is Slack

Monoammonium Phosphate (MAP) Price Index:

According to data measured by Feidoodoo: On April 10, the domestic monoammonium phosphate 55% powder index was 2931.25, stable; the 55% granular index was 3150.00, stable; the 58% powder index was 3283.33, decreasing.

MAP Market Analysis and Forecast:

Today, the domestic market price of mono ammonium phosphate is stable with a slight decrease. On the business side, companies are seeing a gradual decrease in pending shipments, with insufficient new orders and pressure on order acceptance. There is an expectation of reduced supply in the industry, with some companies introducing discount policies for purchasing. In the market, the weak performance continues, with a slack trading atmosphere, strong downward pressure on prices from downstream buyers, and insufficient follow-up on new orders, showing a short-term continuation of sluggishness. In terms of demand, the lack of demand continues, with a subdued atmosphere for downstream purchasing and a continuation of minimal necessary purchasing. Regarding raw materials, the prices of raw sulfur and phosphate rock continue to hold steady, with the price of synthetic ammonia increasing moderately, keeping raw material prices at a high level. Overall, the current atmosphere in the mono ammonium phosphate market is depressed, with minimal transactions, and it is expected that the market price will continue to weaken in the short term.

Diammonium Phosphate (DAP) Price Index:

According to data measured by Feidoodoo: On April 10, the domestic mainstream 64% granular diammonium phosphate index was 3843.33, stable; the 60% brown index was 3460.00, stable; the 57% content index was 3482.50, stable.

DAP Market Analysis and Forecast:

Today, the domestic market price of diammonium phosphate continues to hold steady. On the business side, companies continue to execute domestic pre-orders and a small amount of export orders, with shipments scheduled to be executed around mid-month, and current factory prices remain stable with limited new orders. In the market, transactions are primarily limited to necessary restocking, with a bland trading environment and a weak transaction atmosphere, expecting a short-term continuation of weak performance. In terms of demand, the agricultural spring planting market is concluding, with purchasing primarily limited to necessary restocking; industrial downstream factories are slowing down on raw material purchases, opting for a just-in-time approach, indicating weak demand. Regarding raw materials, the prices of raw sulfur and phosphate rock continue to hold steady, with the price of synthetic ammonia adjusting at a high level, continuing to support high cost levels. Overall, the current demand in the diammonium phosphate market continues to be weak, with market transactions slowing down, and a bland performance expected in the short term, with diammonium phosphate market prices expected to continue adjusting downward in the short term.