Daily Phosphate Fertilizer Review: Weak Domestic and International Demand, Market Weakly Adjusts

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, as of April 29, the domestic 55% powdered MAP index stood at 2881.25, stable; the 55% granular index was 3050.00, stable; and the 58% powdered index was 3250.00, stable.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices remained stable. On the enterprise side, businesses continue to process pending orders primarily, with operational loads remaining low and industry capacity utilization continuing to decline. With supply reductions and pending order support, current quotations have not changed, maintaining minimum guaranteed prices, and actual transactions remain negotiable. On the market front, the market is stagnating in its adjustments, with current quotations already at a low point, creating a strong wait-and-see atmosphere among traders, and transactions are lackluster. On the demand side, caution prevails, with downstream compound fertilizer factories continuing to follow up with minimal as-needed purchasing, leading to a general trading atmosphere and a weak demand adjustment. Regarding raw materials, prices for sulfur and phosphate rock are stable with a wait-and-see approach, while the synthetic ammonia market shows mixed price movements with limited fluctuations, keeping cost factors stable. Overall, with few new orders following up and a lackluster trading atmosphere, the MAP market is expected to continue its stable to downward price fluctuations in the short term.