Phosphate Fertilizer Daily Review: Poor Market Demand Follow-up, Prices Continue to Adjust

Monoammonium Phosphate (MAP) Price Index:

According to Fertilizer Duo Duo data calculations: On January 8th, the domestic MAP 55% powder index was 3308.75, showing a decline; the 55% granular index was stable at 3400.00; the 58% powder index was 3600.00, also declining.

MAP Market Analysis and Forecast:

Today's domestic MAP market prices are adjusting downward. On the factory side, the follow-up of new orders is insufficient, leading many manufacturers to temporarily suspend quotations. Some quotations are still sliding, with transactions being negotiated individually, maintaining discussions. In the market, transactions are sluggish, and the atmosphere remains weak, with demand continuing to be depressed. Regarding demand, the enthusiasm for purchasing by downstream compound fertilizer enterprises is not high. They operate at low levels and have poor stock replenishment, maintaining a wait-and-see attitude. In terms of raw materials, prices of sulfur and synthetic ammonia are adjusting downward, while phosphate rock prices continue at high levels, with cost-side operations remaining stable. Overall, the current MAP market transaction atmosphere is poor, with many manufacturers suspending quotations and weak downstream demand. It is expected that the MAP market prices will continue to adjust weakly in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Fertilizer Duo Duo data calculations: On January 8th, the domestic DAP mainstream 64% granular index was 3863.33, showing a decline; the 60% brown index was stable at 3460.00; the 57% content index was stable at 3547.50.

DAP Market Analysis and Forecast:

Today's domestic DAP market prices are slightly adjusting downward. On the enterprise side, factory prices are mostly stable, with the active execution of winter storage pre-orders and sufficient pending orders, shifting the focus of DAP enterprises to the domestic market. In the market, there is no change in DAP terminal demand, with the market purchasing atmosphere continuing to operate flatly, and current market sales are not good. Regarding demand, there is a significant need for winter storage, but market progress is slow, and demand has not been fully released. In terms of raw materials, prices of synthetic ammonia and sulfur show weakening trends, while phosphate rock remains in tight supply, pushing prices up, with costs narrowly adjusting. Overall, many DAP enterprises are currently executing earlier pre-orders, with winter storage arrivals being delayed, and current factory shipments being tense. It is expected that DAP market prices will continue to adjust in the short term.