Phosphate Fertilizer Daily Review: Demand Follow-up is Moderate, Market Trend Weakens

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, on March 27, the domestic price index for 55% powdered monoammonium phosphate (MAP) was 3067.50, stable; the 55% granular index was 3150.00, stable; the 58% powdered index was 3433.33, stable.

MAP Market Analysis and Forecast:

Today, the domestic mono ammonium phosphate (MAP) market prices remained stable. From the enterprise perspective, companies continued to fulfill pre-received orders, with insufficient follow-up on new orders and sales under pressure. Although quotes were stable, there was a slight decrease, and actual transactions were still subject to negotiation. On the market side, the market showed signs of fatigue, with new order transactions being lackluster and the market continuously weak in the short term, leading to a general decline in transaction prices. In terms of demand, downstream demand was weak, with compound fertilizer factories slowing their purchases and reduced enthusiasm for procuring raw materials, resulting in limited follow-up on new orders and a general decline in the center of the transaction. Regarding raw materials, prices for sulfur and phosphate rock maintained a slight range of consolidation, while the price of synthetic ammonia continued to rise, indicating stability with an upward trend in raw materials. Overall, despite the continuous upward adjustment of MAP costs, the weak follow-up in market demand and a weak market trend make a price increase difficult, and the MAP market prices are expected to continue to be weakly stable in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data, on March 27, the domestic mainstream 64% granular diammonium phosphate (DAP) index was 3846.67, decreasing; the 60% brown index was 3460.00, stable; the 57% content index was 3512.50, stable.

DAP Market Analysis and Forecast:

Today, the domestic diammonium phosphate (DAP) market prices were stable with a slight downward adjustment. From the enterprise perspective, companies continued to fulfill pre-received orders, with domestic sales mostly pausing new orders and quotes remaining stable. Some port-gathered goods were shipped, relieving inventory pressure. On the market side, the domestic market trading atmosphere was average, continuing a weak downward trend, with new order transactions being sluggish and a continued weak sentiment in the market. In terms of demand, domestic sales demand was insufficient, with agricultural demand slow in purchasing; industrial downstream factories showed average performance in restocking. Regarding raw materials, prices for sulfur and phosphate rock saw a slight consolidation, while the price of synthetic ammonia continued to rise, indicating a narrow upward trend in raw materials. Overall, with insufficient market follow-up and enterprise goods being exported in ports, the diammonium phosphate (DAP) market prices are expected to continue a stable yet slight downward adjustment in the short term.