Phosphate Fertilizer Daily Review: Limited New Order Follow-Up, Weak Market Atmosphere

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On January 25, the domestic MAP 55% powder index was 3137.50, stable; 55% granule index was 3250.00, stable; 58% powder index was 3383.33, stable.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices continue to adjust weakly. On the enterprise side, there were only a few new orders, with many having no new quotes and transactions continuing to be negotiated. In the market, the trend remained weak, with a pervasive wait-and-see sentiment and transactions lacking despite available prices. On the demand side, the demand was poor, with weak downstream needs and insufficient follow-up on new compound fertilizer orders, leading to slow sales and increased sales pressure. Factory operating rates continued to decline, with weak enthusiasm for raw material procurement. On the raw material side, sulfur and synthetic ammonia prices were adjusted, while phosphate rock prices remained stable, with narrow price adjustments for raw materials. Overall, the current MAP market continues to operate weakly, with short-term demand unlikely to improve, and MAP market prices are expected to continue their weak and narrow range adjustment in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On January 25, the domestic DAP mainstream 64% granule index was 3851.67, stable; 60% brown index was 3450.00, stable; 57% content index was 3522.50, stable.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices showed slight adjustments. On the enterprise side, there was some follow-up on new orders, with pending deliveries mostly near early March, and current pre-received orders were sufficient, with limited fluctuations in factory prices. Stockholders had few transactions, with unstable sentiments and chaotic quotes, and actual transactions continued to be negotiated. In the market, the transaction atmosphere remained subdued, with an overall strong wait-and-see sentiment. On the demand side, the market demand was average, with just-in-time downstream needs. On the raw material side, sulfur and synthetic ammonia prices showed weak fluctuations, with phosphate rock prices stable and insufficient cost support. Overall, current DAP enterprises have sufficient pending deliveries and little price change, with slow and limited downstream follow-up, and DAP market prices are expected to continue their weak operation in the short term.