Daily Phosphate Fertilizer Review: Minimal Demand Follow-up, Market Weakly Adjusts

Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data from April 24, the domestic 55% powder MAP index stood at 2881.25, declining; the 55% granular index was stable at 3050.00; the 58% powder index was steady at 3266.67.

MAP Market Analysis and Forecast:
Today, the domestic MAP market prices continued a stable yet downward adjustment. On the corporate side, businesses are fulfilling small pending orders with some factories continuing their minimum guarantee policy, resulting in no significant price changes. Many companies are seeing a gradual decrease in production, reducing industry supply. Market conditions remain weak, with limited commodity circulation and bland transactions. Demand-wise, the spring planting market is in its final stages, and the summer corn fertilizer market is following up minimally. Downstream demand is limited, maintaining only essential purchases. Regarding raw materials, prices for sulfur and phosphate rock are generally stable, with the synthetic ammonia market also holding steady, causing costs to fluctuate mildly. Overall, the low-priced supply of MAP is gradually decreasing, factories continue to implement a minimum guarantee policy, and prices are expected to remain weak in the short term.

Diammonium Phosphate (DAP) Price Index:
Per FertilePlus data from April 24, the mainstream 64% granular DAP index in China was stable at 3835.00; the 60% brown index at 3450.00; and the 57% content index at 3465.00, all steady.

DAP Market Analysis and Forecast:
Today, domestic DAP market prices remain stable. Corporations are processing export orders and domestic pre-orders, focusing primarily on exports without significant sales pressure, keeping quotes stable. Internationally and domestically, the market demand is mediocre with limited follow-up, leading to a steady market operation. Demand-wise, as the spring planting season wraps up and the high price of summer corn fertilizer makes downstream buyers cautious, many are observing. Raw material prices for sulfur, phosphate rock, and synthetic ammonia are stably weak, causing limited cost fluctuations. In summary, DAP companies are executing prior domestic and international orders, with new orders and demand following up minimally. DAP market prices are expected to continue adjusting steadily in the short term.