Phosphate Fertilizer Daily Review: MAP Market Remains Positive, DAP Market Shows Limited Follow-up

Monoammonium Phosphate (MAP) Price Index:

According to data calculated by Feidoodoo, on May 11th, the domestic 55% powdered MAP price index was 2903.75, stable; the 55% granular MAP price index was 3050.00, stable; and the 58% powdered MAP price index was 3250.00, stable.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices remained stable. On the corporate side, companies have large pending orders, and shipments are tight. The mindset of holding back from selling is gradually emerging, with many companies stopping sales and pausing order-taking. Quotes are stable with slight upward adjustments. On the market side, the market trend is relatively good, and the atmosphere is acceptable. Current supply is relatively tight, and the sentiment among traders is optimistic, with many expecting price increases. On the demand side, downstream compound fertilizer companies maintain rigid demand and are actively purchasing. In terms of raw materials, the prices of sulfur and phosphate rock continue to be stable with minor adjustments, while the price of synthetic ammonia continues to rise, increasing cost pressure. Overall, given the high costs and strong support from pending orders and downstream rigid demand, it is expected that MAP market prices will continue to remain stable with slight increases in the short term.

Diammonium Phosphate (DAP) Price Index:

According to data calculated by Feidoodoo, on May 11th, the domestic 64% granular DAP mainstream price index was 3793.33, down; the 60% brown DAP price index was 3450.00, stable; and the 57% content DAP price index was 3465.00, stable.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices remained stable with slight decreases. On the corporate side, companies continue to fulfill a small number of export and domestic orders, with quotes temporarily stable and a firm mindset. On the market side, trader sentiment is poor, and market arrivals are gradually increasing. Traders are actively shipping, and export transaction prices are slightly down, with the export market loosening. On the demand side, spring planting is gradually coming to an end, and the rigid demand for corn fertilizer is following up cautiously. Domestic sales demand is limited, and the domestic market demand is weak, with downstream traders being cautious in their purchasing mindset. In terms of raw materials, the prices of sulfur and phosphate rock remain high and stable, while the price of synthetic ammonia continues to rise, providing strong cost support. Overall, given the strong cost support, limited domestic demand follow-up, and unstable international market conditions, it is expected that DAP market prices will continue to be stable with a weak consolidation in the short term.