Daily Review of Phosphate Fertilizers: The Basic Demand Persists, with Demand Optimism Gradually Unfolding

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data estimation, on February 28th, the domestic index for 55% powdered MAP was 3076.25, stable; the 55% granular index was 3250.00, stable; and the 58% powdered index was 3400.00, stable.

Market Analysis and Forecast for Monoammonium Phosphate (MAP):

Today, the domestic MAP market prices remained stable. From the factory perspective, manufacturers are optimistic, exhibiting a stronger inclination to hold stocks, leading to a slight increase in the transaction focal point, and prices continue to maintain a stable yet slightly rising trend. Regarding the market, there is a strong bullish sentiment, with an active atmosphere and a positive trend. On the demand side, there is an increasing trend in the movement of downstream compound fertilizers. Although the market has not shown a significant improvement and raw material procurement is still relatively limited, maintaining small-volume, on-demand procurement, the positive news from downstream factories continues to be released, and the situation is expected to improve. In terms of raw materials, the prices of sulfur and phosphate rock remain stable, while the price of synthetic ammonia continues to rise, with minor fluctuations in raw material prices. In summary, the market optimism for MAP is gradually unfolding, and it is expected that the MAP market prices will continue to operate within a narrow range in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data estimation, on February 28th, the domestic mainstream index for 64% granular DAP was 3843.33, stable; the 60% brown index was 3450.00, stable; and the 57% content index was 3527.50, stable.

Market Analysis and Forecast for Diammonium Phosphate (DAP):

Today, the domestic DAP market prices remain stable. On the enterprise side, companies continue to dispatch pre-received orders without inventory or sales pressure, and the quotes remain stable. Regarding the market, the current low level of social inventory indicates a stable market operation, with prices continuing to adjust within a narrow upward range. On the demand side, downstream demand follow-up is not smooth, with mainstream market procurement enthusiasm slowing down. However, the purchasing willingness of agricultural planters is recovering, and there is some follow-up in partial industrial demand, with demand gradually being released. In terms of raw materials, the prices of sulfur and phosphate rock remain firm, and the price of synthetic ammonia has been slightly adjusted upwards, still providing cost support. In summary, the basic winter storage demand for DAP still exists, with the market supply being relatively tight, and it is expected that the DAP market prices will remain stable while exploring slight increases in the short term.