Phosphate Fertilizer Daily Review: Weak Demand Performance, Market Maintains Weak Adjustment

Monoammonium Phosphate (MAP) Price Index:

According to FeidoodooIndex data, on December 25th, the domestic MAP 55% powder index was 3379.38, showing a decline; the 55% granular index was stable at 3400.00; and the 58% powder index remained steady at 3633.33.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices slightly decreased. On the factory side, order reception was not ideal, and pending order volumes continued to reduce, gradually increasing sales pressure. Some factories have begun to lower prices discreetly, and actual transactions remain negotiable. The market atmosphere continues to be weak, with limited new order follow-ups and current bearish influences. On the demand side, downstream purchasing sentiment continues to be cautious, with demand still appearing weak and no positive signals being released. On the raw material side, the prices of synthetic ammonia and sulfur slightly increased, while phosphate rock remains in tight supply and high in price, with costs showing a stable but minor adjustment. Overall, the current MAP market is operating weakly, with insufficient support from cost-related positive factors. It is expected that in the short term, MAP market prices will continue to maintain a steady yet slightly downward trend.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo Index data, on December 25th, the domestic DAP mainstream 64% granular index was 3871.67, showing a decline; the 60% brown index remained stable at 3460.00; and the 57% content index was steady at 3590.00.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices slightly decreased. On the factory side, prices are stable with narrow fluctuations. Current factory new orders are limited, continuing with batch orders. Upstream traders reduced prices to encourage sales, but actual transactions are limited. The market is generally stagnant, with an atmosphere of stiff adjustment. On the supply side, the DAP industry's operational rate continues to decline, leading to slow market arrivals and tight supplies. Demand remains weak with continued sluggish winter storage needs and basic stagnation in agricultural demand. The sentiment among traders remains cautious. On the raw material side, prices of synthetic ammonia and sulfur continue to slightly increase, with phosphate rock prices remaining firm, providing strong cost support. Overall, although DAP market arrivals are limited, the demand is low. It is expected that in the short term, DAP market prices will undergo steady adjustments.