Phosphate Fertilizer Daily Review: Limited New Transactions, Increasing Sales Pressure on Enterprises

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On January 24, 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 operate weakly but steadily. On the enterprise side, there were only a few new transactions, with increasing sales pressure. Some enterprises adjusted their factory prices downwards or implemented related policies, receiving only a few orders. In the market, the weak trend continued, with a low trading atmosphere and actual transactions remaining negotiable. On the demand side, demand remained weak, with downstream compound fertilizer raw material purchasing intentions being low, maintaining only minimal necessary purchases, and relatively limited new transactions. On the raw material side, sulfur and synthetic ammonia prices were adjusting, while phosphate rock supply remained tight, leading to weak raw material price support. Overall, the current MAP market sees poor sales, with bland downstream demand, and it is expected that MAP market prices will continue to adjust weakly in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On January 24, the domestic DAP mainstream 64% granule index was 3851.67, declining; the 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 experienced a slight decline. On the enterprise side, businesses mainly executed pre-received orders, with no significant fluctuations in factory prices and actual transactions mainly being negotiable. Currently, traders' sentiments are unstable, and quotes are chaotic. In the market, there was a weak trend of adjustment, with prices exploring lower levels and operating weakly but steadily. On the demand side, the downstream maintained a cautious wait-and-see attitude, with a bland trading atmosphere, light mainstream winter storage market demand, and essentially stagnant transactions, with limited just-in-time follow-up. On the raw material side, sulfur prices continued to decline, synthetic ammonia prices rose slightly, and phosphate rock remained in tight supply with rising prices, leading to weak cost support. Overall, the current DAP market sees essentially stagnant transactions, with limited demand follow-up, and it is expected that DAP market prices will continue their weak trend in the short term.