Phosphate Fertilizer Daily Review: Improved Follow-up in the MAP Market, Cautious Sentiment in the DAP Market

Monoammonium Phosphate (MAP) Price Index:

According to FeiDuoDuo data calculations, on May 8, the domestic price index for 55% powder MAP was 2901.25, stable; the 55% granular index was 3050.00, stable; and the 58% powder index was 3250.00, stable.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices remained stable. On the enterprise side, recent order intake has increased, pending orders have grown, and sentiment remains firm and optimistic. Some companies have suspended taking new orders and quoting prices, focusing on fulfilling pending orders. Market-wise, the atmosphere has improved, and transaction centers have moved up, with low-priced goods exiting the market and becoming scarce. On the demand side, the production of summer corn fertilizer is concentrated, with agricultural demand still present; downstream factories continue to replenish as needed and are gradually following up, indicating a positive demand outlook. For raw materials, the prices of sulfur and phosphate rock remain stable, while the synthetic ammonia market continues to rise, with raw material prices steadily increasing. Overall, the current MAP market shows good follow-up in demand, with warming trading activity. It is expected that MAP market prices will continue to adjust upwards in the short term.

Diammonium Phosphate (DAP) Price Index:

According to FeiDuoDuo data calculations, on May 8, the domestic mainstream 64% granular DAP index was 3828.33, stable; the 60% brown index was 3450.00, stable; and the 57% content index was 3465.00, stable.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices remained overall stable. On the enterprise side, companies continue to execute export and domestic orders, with stable quotations and no significant fluctuations in ex-factory prices. Market-wise, just-in-time demand is being followed up, but the transaction atmosphere remains calm, with the market mainly running in a consolidation phase. On the demand side, agricultural procurement of corn fertilizer is slightly delayed, focusing on just-in-time purchases with cautious buying attitudes due to high prices. For raw materials, prices of sulfur and phosphate rock remain at high levels, while synthetic ammonia prices continue to rise, leading to stable and increasing raw material prices. Overall, the current DAP market is driven mainly by just-in-time procurement, with a generally calm trading atmosphere and cautious sentiment. It is expected that DAP market prices will continue to remain stable with limited fluctuations in the short term.