Phosphate Fertilizer Daily Review: Lackluster Downstream Demand, Weak Market Atmosphere

Monoammonium Phosphate (MAP) Price Index:
According to data calculated by Feiduoduo, on January 4th, the domestic MAP 55% powder index was 3331.25, showing a decline; the 55% granule index was stable at 3400.00; the 58% powder index remained stable at 3633.33.

MAP Market Analysis and Prediction:
Today, the domestic MAP market prices remained stable. From the factory perspective, manufacturers continue to handle pending orders, with many pausing their pricing, leading to no clear price indication and variations in factory quotes. Actual transactions continue to be negotiable. Market-wise, the trend remains quite flat, with overall inquiries being scant, perpetuating a weary market atmosphere. Demand-wise, the enthusiasm for compound fertilizer production is low, leading to limited demand for MAP and generally low purchase prices, with a continued watchful mindset. On the raw material side, the prices of sulfur and synthetic ammonia are adjusting, while phosphate rock prices are high, providing continued cost support. Overall, with stable yet fluctuating raw material prices and an unclear market price, the downstream outlook remains watchful, and it's expected that the MAP market prices will continue to adjust weakly in the short term.

Diammonium Phosphate (DAP) Price Index:
According to data from Feiduoduo, on January 4th, the domestic DAP mainstream 64% granule index was stable at 3868.33; the 60% brown index was stable at 3460.00; the 57% content index was stable at 3547.50.

DAP Market Analysis and Prediction:
Today, the domestic DAP market prices saw adjustments. From the enterprise perspective, there is a significant backlog of orders, with some pending until mid-next month. Current receipt prices remain stable, mainly executing pre-received orders, with actual transactions continuing to be negotiable. In terms of market dynamics, the atmosphere for goods movement is subdued, with a persistent wait-and-see attitude and an overall somewhat rigid atmosphere. Demand-wise, there's still basic necessity in the downstream market, but purchasing enthusiasm remains moderate, continuing a watchful attitude with a lackluster goods movement atmosphere. Regarding raw materials, prices for synthetic ammonia and sulfur are fluctuating, while phosphate rock prices remain firm, providing ongoing cost support. Overall, with substantial backlogs in the DAP market and a continued wait-and-see market sentiment, it's expected that DAP market prices will continue to adjust in the short term.