Daily Phosphate Fertilizer Review: Weakening Cost Price Support and Market Consolidation

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On April 23, the domestic index for 55% powdered MAP was 2893.75, decreasing; the 55% granular index was stable at 3050.00; the 58% powdered index was stable at 3266.67.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic market price of MAP is stabilizing with a downward trend. On the business side, companies have limited order intake, and inventory continues to be under pressure. Recently, the operational load of industry devices has decreased, with many small plants ceasing production and major plants reducing output, leading to a continuous reduction in industry supply. On the market side, the follow-up on new orders remains insufficient, the current market transaction center continues to be inverted, and the short-term market is operating weakly, with market transaction prices continuing to slide. On the demand side, demand continues to be weak, downstream follow-up remains tepid, and actual market transactions are limited, continuing the weak consolidation in the short term. On the raw material side, prices for raw materials such as sulfur and phosphate rock are consolidating at high levels, while the synthetic ammonia market shows weak supply and demand, with prices trending weakly downward. Overall, the current MAP market atmosphere is weak, demand is in its off-season, and it is expected that MAP market prices will continue to consolidate weakly in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On April 23, the domestic mainstream index for 64% granular DAP was 3835.00, stable; the 60% brown index was 3450.00, stable; the 57% content index was 3465.00, stable.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic market price for DAP continues to hold steady. On the business side, companies continue to execute a small number of domestic pre-received orders and some export shipments, with internal replacement orders maintaining minimal follow-up and transaction prices being negotiable; company quotes are continuously being pressed down. On the market side, the follow-up to spring cultivation purchases has weakened, demand has slowed, the market is showing fatigue, and exports have not increased significantly, clearly declining year-over-year, with DAP market conditions expected to continue declining in the short term. On the demand side, we are currently at the tail end of spring cultivation, with limited follow-up during the summer corn fertilization period, and agricultural purchases are mostly on-demand under the influence of the off-season; the industrial downstream still has basic needs, compound fertilizer factories are increasing operations, and purchasing is following up in a limited and orderly manner, with a watchful mindset still prevailing. On the raw material side, prices for sulfur, phosphate rock, and synthetic ammonia are fluctuating and continuing to fall, lowering cost-side prices. Overall, with weakening support from the cost side and companies receiving fewer new orders, the market remains weak, and DAP market prices are expected to continue consolidating in the short term.