Phosphate Fertilizer Daily Review: Cost Support Upward, Market Stabilizes with Narrow Adjustments

Monoammonium Phosphate (MAP) Price Index:

According to calculations by Feidoodoo: On March 6th, China's domestic MAP 55% powder index was 3100.00, up; 55% granular index was 3150.00, down; 58% powder index was 3433.33, up.

MAP Market Analysis and Forecast:

Today, China's domestic MAP market price is on an upward consolidation trend. On the factory side, manufacturers were mainly delivering orders on hand, with quotations remaining largely unchanged, and actual transactions were mainly through negotiation. On the market side, overall trading was fair, with traders mostly taking a wait-and-see attitude, and the market trend remained stable. In terms of demand, downstream buyers continued to purchase on an as-needed basis, with compound fertilizer plants seeing improved sales, and demand being continuously released, but new orders were limited. In terms of raw materials, prices of raw materials such as sulfur and phosphate rock saw slight range-bound consolidation, while ammonia prices continued to rise, strengthening cost support. Overall, with enterprises having orders on hand to support prices, rising raw material prices, and demand being maintained on an as-needed basis, it is expected that MAP market prices will continue to consolidate in the short term.

Diammonium Phosphate (DAP) Price Index:

According to calculations by Feidoodoo: On March 6th, China's domestic DAP mainstream 64% granular index was 3855.00, stable; 60% brown index was 3450.00, stable; 57% content index was 3527.50, stable.

DAP Market Analysis and Forecast:

Today, China's domestic DAP market price is stable with slight consolidation. On the enterprise side, quotations remained unchanged as enterprises continued to make deliveries, with actual transactions still mainly through negotiation. On the market side, market supply remained tight, with factories maintaining firm quotations and traders still exhibiting bullish sentiment. In terms of demand, as the fertilization period approached, demand saw some improvement, with some regions seeing just-needed replenishment, though terminal fertilizer demand was still picking up slowly, and sentiment remained cautious. In terms of raw materials, prices of raw materials such as sulfur and phosphate rock remained stable, while ammonia prices continued to rise, maintaining strong cost support. Overall, with tight DAP supply, lingering just-needed demand from downstream, and high prices limiting purchases to small just-needed replenishments, it is expected that DAP market prices will remain stable in the short term.