Phosphate Fertilizer Daily Review: Dull Market Trading, Gradually Entering Pricelessness

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data, on February 6th, the domestic DAP market saw a slight decline in the price index for 55% powdered DAP, which stood at 3068.75, while the index for 55% granular DAP remained stable at 3250.00, and the index for 58% powdered DAP also remained stable at 3383.33.

Analysis and Forecast of DAP Market:

Today, the domestic DAP market saw a slight downward adjustment. On the enterprise side, individual enterprises offered low prices to attract orders, with most manufacturers entering holiday mode, and only a small amount of previous shipments were made, maintaining a dull operation before the holiday. In terms of the market, the trading atmosphere remained dull, with little improvement expected before the holiday. Regarding demand, as spring approaches, downstream procurement enthusiasm is moderate, with traders and downstream factories mostly in holiday mode, resulting in weak demand in the short term. In terms of raw materials, the prices of sulfur and phosphate rock remained stable, while the price of synthetic ammonia continued to decline, leading to cost adjustments downward. Overall, the current DAP market has weak demand and limited operations before the holiday, and it is expected that DAP market prices will continue to remain stable in the short term.

Diammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, on February 6th, the mainstream 64% granular MAP index in the domestic market remained stable at 3851.67, while the index for 60% brown MAP remained stable at 3450.00, and the index for 57% content MAP also remained stable at 3522.50.

Analysis and Forecast of MAP Market:

Today, the domestic MAP market saw stable prices. On the enterprise side, most enterprises have shipments scheduled for around early March, with sufficient pending shipments and no fluctuation in factory quotations. Currently, enterprises mainly focus on ensuring supply, and the supply volume remains stable. In terms of the market, the trading atmosphere is subdued, with a strong holiday atmosphere, and limited fluctuations in the market before the holiday. Regarding demand, downstream and terminal purchases are rare, with most operators already in holiday mode, resulting in deferred demand. In terms of raw materials, the price of sulfur continues to rise, while the price of synthetic ammonia continues to decline, and phosphate rock remains firm, with insufficient cost support. In summary, as the holiday approaches, market procurement tends to stabilize, entering a state of pricelessness and marketlessness overall, and it is expected that MAP market prices will remain stable in the short term.