Phosphate Fertilizer Daily Review: Market Transactions Are Dismal, Many Companies Plan for Maintenance

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, as of April 11, the domestic 55% powder MAP index stands at 2931.25, stable; the 55% granular index at 3150.00, stable; and the 58% powder index at 3283.33, stable.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices continue to be stable with slight adjustments downwards. On the company side, pending orders gradually decrease, and new orders are few, with most companies under pressure to accept orders, leading to reduced production to maintain prices. In the market, the trading atmosphere remains poor, with prices being pushed down, and the focus of transactions continues at low levels, with short-term weaknesses difficult to change. On the demand side, demand continues to be weak, with downstream demand remaining sluggish, maintaining only minimal necessary purchases, and the weary state unlikely to change soon. On the raw material side, prices for sulfur and phosphate rock remain stable, while ammonia prices are stable to slightly rising, keeping raw material prices at a high level. Overall, current MAP market demand is weak, production companies are under sales pressure, and the operational load of facilities is noticeably declining, with MAP market prices expected to continue their weak adjustment in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data, as of April 11, the domestic mainstream 64% granular DAP index is 3843.33, stable; the 60% brown index is 3460.00, stable; and the 57% content index is 3482.50, stable.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices continue to hold steady. On the company side, as spring planting orders near their end, new order intake is limited, continuing to execute spring planting and export orders. Current quotes remain stable, with limited availability of some supplies and narrow price adjustments. Some companies have maintenance plans, with facilities soon entering maintenance status, indicating a downward trend in operation. In the market, the atmosphere for moving goods is stable, continuing a weak adjustment. On the demand side, as the spring planting market nears its end, transactions mostly follow up with just enough to replenish necessities, with general demand follow-up. On the raw material side, prices for sulfur and phosphate rock remain stable, while ammonia prices are high and rising, continuing to support high costs. Overall, some DAP market segments are showing tight supplies, strong price performance, and weak downstream demand follow-up, entering a weak period. DAP market prices are expected to continue fluctuating and adjusting in the short term.