Phosphate Fertilizer Daily Review: Pending Orders Support Prices, Stability in the Short Term

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data, on May 27:

• The domestic 55% powdered MAP price index was 3062.50, stable.
• The 55% granular MAP price index was 3080.00, stable.
• The 58% powdered MAP price index was 3333.33, stable.

MAP Market Analysis and Forecast:

Today, domestic MAP market prices remained stable.

Enterprise Side:

• Pending orders continue to support prices, with many companies halting or limiting new orders.
• Production loads are increasing, but factory prices remain high and stable due to support from pending orders.

Market Side:

• The market remains optimistic, with high prices continuing. Low-priced goods are difficult to find, and the market remains firm.
• Downstream buyers are cautious about high prices, maintaining just-in-time procurement. Summer fertilizer demand is limited but persistent.

Raw Materials:

• Sulfur and phosphate rock prices are stable, with a wait-and-see attitude.
• Synthetic ammonia prices are declining, causing minor fluctuations in costs.

Overall: With continued support from pending orders and increasing production, combined with cautious downstream procurement, MAP prices are expected to remain stable with minor adjustments in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data, on May 27:

• The domestic 64% granular DAP price index was 3770.00, down.
• The 60% brown DAP price index was 3450.00, stable.
• The 57% DAP price index was 3362.50, down.

DAP Market Analysis and Forecast:

Today, domestic DAP market prices saw minor adjustments.

Enterprise Side:

• Companies are primarily fulfilling export orders, with few domestic orders. Pending and export orders support stable prices.
• Some facilities have scheduled maintenance, reducing industry capacity utilization.

Market Side:

• International prices are rising, but domestic market transactions are average. Market sentiment remains cautious, leading to stable market conditions.

Demand Side:

• Domestic demand is weak, as the corn fertilizer season is ending, with limited just-in-time procurement.

Raw Materials:

• Sulfur and phosphate rock prices are slightly fluctuating.
• Synthetic ammonia prices are declining, leading to minor cost reductions.

Overall: With support from pending export orders and high costs, but limited domestic demand, DAP prices are expected to remain stable with minor fluctuations in the short term.