Phosphate Fertilizer Daily Review: Raw Material Prices Stabilize with a Slight Decline, Market Transactions Appear Weak

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data: On April 18th, the domestic index for 55% powdered MAP fell to 2906.25, the 55% granular index fell to 3050.00, and the 58% powdered index fell to 3266.67.

MAP Market Analysis and Forecast:

Today, the domestic MAP market saw prices adjust downward. From the corporate side, new order transactions are under pressure, production continues to decrease, and with reduced supply, current quotes remain stable. Some factories continue to implement minimum price policies, leading to continued price inversion in the market, and actual transactions are still negotiated on a case-by-case basis. In terms of market activity, there is insufficient follow-up on new orders, maintaining a weaker performance with limited price fluctuation. Regarding demand, the current off-season is affecting downstream order follow-up, and the demand side continues to remain weak but stable. On the raw material front, the prices of raw sulfur and phosphate rock remain high, while the price of synthetic ammonia weakens, leading to minimal changes in cost factors. Overall, the current MAP market is showing weak demand, with reduced production in response to poor order intake, and current quotes are expected to continue their weak and stable adjustment in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data: On April 18th, the domestic mainstream 64% granular DAP index was stable at 3835.00, the 60% brown index at 3450.00, and the 57% content index at 3465.00.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices remained stable. From the corporate perspective, there is limited follow-up on domestic orders, with international shipments continuing. Production remains high despite some maintenance plans for equipment, leading to stable pricing with minor fluctuations in actual transaction prices. The market trend, both domestic and international, continues to show weakness, maintaining stability amidst fluctuating conditions. In terms of demand, it remains average as the spring planting season winds down with not many remaining orders, and rigid demand follows stably. For raw materials, the prices of sulfur and phosphate rock remain high, while synthetic ammonia prices are stable with a slight decline, and raw material prices fluctuate narrowly. Overall, with slow follow-up on new domestic and international orders and weakened cost support, DAP market prices are expected to continue their weak adjustment in the short term.