Phosphate Fertilizer Daily Review: Market Lacks Clear Pricing, Atmosphere Remains Weak

Monoammonium Phosphate (MAP) Price Index:

According to data from Feidoodoo, as of January 3rd, the domestic MAP 55% powder index fell to 3343.75, the 55% granular index remained stable at 3400.00, and the 58% powder index stayed stable at 3633.33.

MAP Market Analysis and Forecast:

Today, the domestic MAP market experienced a slight downward adjustment in prices. Factory-wise, most manufacturers are executing prior orders and have temporarily halted new quotations. This leads to a lack of clear pricing in the MAP market and ongoing business negotiations for transactions. Market-wise, the trading atmosphere is subdued, with limited new orders and weak performance. In terms of supply, the number of production cuts and even plant shutdowns has increased, continuing the low daily production and negative operational rates. Demand-wise, the willingness to purchase compound fertilizer raw materials remains low, with downstream demand continuing to be subdued and a cautious purchasing mindset prevailing. Regarding raw materials, prices for sulfur and synthetic ammonia are declining, while phosphate rock prices remain stable, leading to a standoff in cost prices. Overall, the MAP market is expected to continue its weak downward trend in the short term.

Diammonium Phosphate (DAP) Price Index:

According to data from Feioodoo, as of January 3rd, the domestic DAP mainstream 64% granular index fell to 3868.33, the 60% brown index remained stable at 3460.00, and the 57% content index decreased to 3547.50.

DAP Market Analysis and Forecast:

Today, the domestic DAP market saw a downward adjustment in prices. On the enterprise front, manufacturers continue to execute previous pre-received orders, with sufficient pending orders and stable factory prices with no significant changes. Market-wise, the trading atmosphere is moderate, with a weak operation and a stagnant atmosphere, leading to a bearish market sentiment. Supply-wise, the noticeable decline in the operational rates of the DAP industry has led to a certain positive aspect in the tight supply. Demand-wise, the downstream performance is weak with limited follow-up. Regarding raw materials, synthetic ammonia and sulfur prices are declining, while phosphate rock prices are firm, resulting in a steady but fluctuating cost. Overall, the current DAP market is characterized by manufacturers executing pending orders, weak downstream demand, and a stagnant atmosphere, with the DAP market prices expected to continue adjusting in the short term.