Phosphate Fertilizer Daily Review: Market Purchasing Sentiment General, Prices Continue to Stagnate

Monoammonium Phosphate (MAP) Price Index:

According to data calculated by Feidoodoo: On December 7th, the domestic index for 55% powder MAP was 3455.00, stable; the 55% granular index was 3400.00, stable; the 58% powder index was 3683.33, stable.

Monoammonium Phosphate Market Analysis and Forecast:

Today, the domestic MAP market prices continued to remain stable. From the factory side, most factories have sufficient pending orders to support current prices, which are tending to stabilize; a few enterprises have reduced pending orders, leading to a slight drop in prices, but new orders are still scarce. Currently, manufacturers are not quoting prices, preferring to negotiate based on demand, and actual transactions are on a case-by-case basis. On the market side, the overall trend of MAP remains weak, with insufficient new transactions and a strong wait-and-see atmosphere. In terms of supply, with the gradual resumption of production of plants last month, the industry's capacity utilization rate is relatively high, and market supply is abundant. In terms of demand, downstream demand is weak, with limited follow-up on new orders and a general wait-and-see attitude in purchasing. Regarding raw materials, the price of synthetic ammonia continues to rise slightly, while the prices of raw phosphate ore and sulfur remain stable, with narrow adjustments in raw material prices. Overall, the MAP market is marked by cautious demand, few factory orders, and prices expected to undergo minor adjustments in the short term.

Diammonium Phosphate (DAP) Price Index:

According to data calculated by Feidoodoo: On December 7th, the domestic mainstream 64% granular DAP index was 3880.00, stable; the 60% brown index was 3620.00, decreasing; the 57% content index was 3602.50, decreasing.

Diammonium Phosphate Market Analysis and Forecast:

Today, the domestic DAP market prices slightly decreased. From the enterprise side, downstream traders already have certain stock, and prices in some regions are stable with narrow fluctuations. On the market side, the trading atmosphere is flat, with general purchasing sentiment, and the DAP market is expected to continue its stagnation and consolidation in the short term. In terms of supply, the market's current arrival volume is still lagging compared to previous years, with tight supply pushing prices up. In terms of demand, there is still a need for winter storage, which is slowly progressing, with general downstream demand and a cautious mentality. Regarding raw materials, the price of synthetic ammonia continues to rise slightly, while the prices of raw phosphate ore and sulfur remain stable, with narrow adjustments in raw material prices. Overall, the current DAP market is characterized by insufficient stock among upstream traders, but there is still a rigid demand downstream, and prices are expected to continue to consolidate at a high level in the short term.