Phosphate Fertilizer Daily Review: Market Transactions Dull, Price Trend Shows Stagnation

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodo Index data: On December 12, the domestic index for 55% powdered MAP was 3437.50, showing a decrease; the index for 55% granular MAP remained stable at 3400.00; and the index for 58% powdered MAP was 3633.33, showing a decrease.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices continued a slight downward adjustment. On the factory side, current pending orders are gradually reducing, with some factories only accepting orders for specific clients; large manufacturing enterprises, supported by pending orders, have no price changes, while some smaller factories are adjusting their prices. Market-wise, the overall market transaction atmosphere remains weak, with limited new orders and chaotic pricing. On the supply side, MAP market supply is low but sufficient for current market demand. Demand-wise, the market continues to operate weakly, with no improvement in demand and a wait-and-see attitude in downstream compound fertilizer raw material procurement. Regarding raw materials, the price of synthetic ammonia continues to adjust slightly upwards, and the supply of phosphate rock remains tight, keeping costs firm. In summary, with reducing pending orders in the MAP market, there is an expectation of a downward trend in prices, with a stable to slight decrease in MAP market prices expected in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo Index data: On December 12, the domestic mainstream index for 64% granular DAP was 3880.00, stable; the index for 60% brown DAP was 3620.00, stable; and the index for 57% DAP was 3602.50, stable.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices continued to remain stable. On the enterprise side, companies have sufficient pre-received orders, currently executing mainly earlier orders, with stable factory prices. Market-wise, the winter storage mainstream market continues a wait-and-see sentiment, with general enthusiasm for stockpiling, and stockholders' quotations adjusting narrowly downwards. Demand-wise, the winter storage market transaction atmosphere is somewhat dull, mainly because downstream traders already have a certain stock, continuing to weaken their purchasing enthusiasm. Regarding raw materials, the price of synthetic ammonia continues to adjust slightly upwards, and phosphate rock prices remain firm, with costs still at a high level. In summary, the current DAP market sentiment is tepid, but enterprises, supported by costs, are maintaining a firm price mentality. It is expected that in the short term, DAP market prices will continue to undergo adjustments.