Daily Phosphate Fertilizer Review: Minimal Essential Purchasing, Poor New Order Transactions

Monoammonium Phosphate (MAP) Price Index:
According to data from Feidoodoo, on April 25, the domestic 55% powdered MAP index was 2881.25, stable; the 55% granular index was 3050.00, stable; and the 58% powdered index was 3266.67, stable.

MAP Market Analysis and Forecast:
Today, the domestic MAP market prices remained stable. Some companies have introduced minimum guarantee policies, which have improved order receipts; currently, most are processing pending orders, some of which extend over a month. Pre-orders are gradually decreasing as the operational load of facilities continues to drop, and companies are holding their quotes steady. Market-wise, supply circulation is slow, with no signs of improvement, and the market is expected to remain stable in the short term with a weak trend hard to reverse. On the demand side, demand continues to be average, with downstream maintaining minimal essential purchases, and the sentiment is cautiously stable for the short term. Regarding raw materials, prices for sulfur and phosphate rock are narrowly declining, while the synthetic ammonia market is fluctuating within a range, adjusting narrowly. Overall, the MAP market is characterized by a cautious wait-and-see attitude, and prices are expected to remain weakly stable in the short term.

Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data, on April 25, the domestic 64% granular DAP index was 3831.67, declining; the 60% brown index was 3450.00, stable; and the 57% content index was 3465.00, stable.

DAP Market Analysis and Forecast:
Today, the domestic DAP market prices have slightly decreased within a stable range. Companies are executing some export shipments, and actively shipping goods, but new order transactions remain limited, loosening the focal point of market transactions. Supply in the DAP market is relatively abundant, with the transaction focal point continuing to probe lower, and only a few transactions following up, making the market operation appear bland. Demand-wise, the spring planting market for agriculture is wrapping up, and the immediate need for summer corn fertilizer is minimal, with domestic demand fading; industrial downstream factories are following up minimally with cautious purchasing attitudes, lacking sufficient demand support. In terms of raw materials, prices for sulfur and phosphate rock are fluctuating, while synthetic ammonia prices remain weak, with little change in cost prices. In summary, DAP companies are shipping export orders, new orders are following up minimally, putting sales under pressure, leading to reduced quotes, and DAP market prices are expected to continue trending weakly downward in the short term.