Phosphate Fertilizer Daily Review: MAP Market Improves, DAP Market Consolidates

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations, on May 9, the domestic price index for 55% powder MAP was 2903.75, indicating an increase. The 55% granular index was 3050.00, stable, and the 58% powder index was 3250.00, stable.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices are stable with slight increases. On the enterprise side, recent order intake has been good, with increasing order volumes and tightening supply. Shipments are becoming tight, leading some enterprises to suspend order taking and quoting, supported by pending orders and optimistic sentiment. On the market side, the trading atmosphere has improved, with low-end supplies gradually reducing and the transaction focus slightly moving upward. On the demand side, downstream compound fertilizer enterprises are following up on raw material needs with reasonable replenishment enthusiasm, mostly driven by just-in-time procurement. For raw materials, the prices of sulfur and phosphate rock remain stable, while the synthetic ammonia market continues to rise, leading to stable increasing raw material prices. Overall, the current MAP market is supported by pending orders and costs, with an improving market atmosphere. MAP prices are expected to remain stable with slight fluctuations in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations, on May 9, 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, domestic DAP market prices remain stable. On the enterprise side, companies continued to execute export and domestic orders with stable ex-factory prices and quotations. Actual transactions were mainly negotiated. On the market side, the arrival of goods continued, increasing market supply and inventory. Export transaction prices slightly fell, creating a price inversion with domestic ex-factory prices, leading to a stable and wait-and-see market sentiment. On the demand side, corn fertilizer demand followed up in small quantities, with domestic demand remaining flat. The overall trading atmosphere was average, with just-in-time replenishment and a cautious wait-and-see attitude. For raw materials, prices of sulfur and phosphate rock remained high, while synthetic ammonia prices continued to rise, leading to stable to increasing costs. Overall, the current DAP market faces rising costs and flat demand, with enterprise quotations maintaining previous levels. DAP prices are expected to remain stable with a wait-and-see approach in the short term.