Phosphate Fertilizer Daily Review: Minor Changes in the Phosphate Fertilizer Market, Prices Largely Stable

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data: On November 30, the domestic 55% powder MAP index stood at 3483.75, stable; the 55% granule index was 3400.00, stable; and the 58% powder index was 3683.33, stable.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices continued to remain stable. Factories are primarily executing pre-received orders, with a lukewarm atmosphere for new orders and prices stabilizing under the support of pending orders. In terms of traders, prices are somewhat chaotic, with transactions continuing on a negotiable basis. On the supply side, the MAP market and operating rates have slightly declined, with the current average operating rate at approximately 54.23%, and supply remains tight. In terms of demand, downstream compound fertilizer companies show a slowdown in purchasing enthusiasm, mainly buying as needed, with limited new orders and increased wait-and-see sentiment. Regarding raw materials, prices for sulfur and phosphate rock remain stable, while the price of synthetic ammonia continues to slightly decrease, leading to a downward trend in raw material prices. Overall, the MAP market demand is lackluster, currently relying on earlier orders for support, and prices are expected to moderately decrease in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data: On November 30, the domestic mainstream 64% granular DAP index was 3880.00, stable; the 60% brown index was 3670.00, stable; and the 57% content index was 3610.00, stable.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices continue to stabilize at high levels. Businesses with ample pre-received and pending orders mainly execute earlier orders, with sufficient pending volumes lasting until mid-to-late December, and current quotations remain stable. For traders, the available supply is limited, and high quotes continue, resulting in chaotic pricing. In terms of demand, the winter storage market still has essential needs, but with a longer storage period, the wait-and-see sentiment is significant. Following a small accumulation of stock, downstream purchasing enthusiasm has weakened, and wait-and-see sentiment has increased again. In the market, purchasing enthusiasm has decreased, and the wait-and-see atmosphere is strong. For raw materials, the tight supply situation for phosphate rock continues, making it easier for prices to rise than fall, but recent synthetic ammonia prices continue to decline, leading to a stalemate in cost adjustments. In summary, the current DAP market is relatively stable with minor changes in influencing factors, and prices are expected to remain stable in the short term.