Daily Phosphate Fertilizer Review: Slow Recovery in Demand Post-Holiday, Market Operates with Steady Observation

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On February 22, the domestic 55% powdered monoammonium phosphate index was stable at 3050.00, the 55% granular index was stable at 3250.00, and the 58% powdered index rose to 3400.00.

MAP Market Analysis and Forecast:

Today, the domestic mono ammonium phosphate market prices have slightly increased. From the enterprise perspective, quotations remain stable without significant changes. There has been a slight increase in inquiries recently, with actual transaction prices largely subject to negotiation. On the market side, inquiries have increased, maintaining a stable trend, with a better inquiry atmosphere than before. Regarding demand, recent snowy and rainy weather in various regions has impacted the purchasing mentality of downstream buyers, leading to a gradual slowdown in demand. Compound fertilizer factories' procurement follow-up needs improvement, with a current cautious purchasing mentality and limited actual order follow-up. On the raw material side, the prices of raw phosphate rock remain stable, while sulfur and synthetic ammonia prices have continued to rise slightly, leading to an upward adjustment in raw material prices. Overall, the current MAP market atmosphere is positive, with downstream gradually following up with replenishment orders, but the overall cautious sentiment remains. It is expected that the MAP market prices will remain mostly stable with minor adjustments in the short term, with a steady and observant market outlook.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On February 22, the domestic mainstream 64% granular diammonium phosphate index was stable at 3851.67, the 60% brown index at 3450.00, and the 57% content index at 3522.50, all stable.

DAP Market Analysis and Forecast:

Today, the domestic diammonium phosphate market prices continue to operate steadily. From the enterprise perspective, there is still support from pending shipments, with current factory prices remaining stable and continuing to dispatch pre-received orders, with new orders being followed up in small quantities. On the market side, the market is consolidating, with an improving trading atmosphere and gradually rising speculative sentiment. Regarding demand, there is still an immediate need post-holiday, and the spring planting market is continuously progressing, but the overall demand recovery is slow, with current follow-up in small quantities and a cautious sentiment still prevailing. On the raw material side, the prices of raw phosphate rock remain firm, with sulfur and synthetic ammonia prices fluctuating upwards, leading to a slight increase in costs. Overall, the current DAP market is cautiously observant in demand, with a slow recovery in the market atmosphere. It is expected that the DAP market prices will continue to operate with steady observation in the short term.