Phosphate Fertilizer Daily Review: Weak Follow-up in Demand, Enterprises Continue to Execute Pre-orders

Monoammonium Phosphate (MAP) Price Index:

According to Feidoodoo data calculations: On March 25th, the domestic monoammonium phosphate 55% powder index was stable at 3093.75; the 55% granule index was stable at 3150.00; the 58% powder index was stable at 3433.33.

MAP Market Analysis and Forecast:

Today, the domestic MAP market prices remained stable. On the enterprise side, businesses continue to focus on executing pre-orders, with some still holding a small number of orders. Prices remain stable for the time being, with new orders showing weak follow-up and current shipments under pressure. From the market perspective, the market is weak with a lack of new orders following up, indicating an overall downtrend in adjustment. On the demand side, downstream demand is weak, with no active intention to purchase raw materials, leading to average shipments and continued weak demand, causing instability among traders. Regarding raw materials, the prices of sulfur and phosphate rock continue to fluctuate, while the price of synthetic ammonia continues to rise, strengthening cost support. Overall, given the overall sluggish trend in the MAP market and the support from pending orders and raw materials, the market prices of monoammonium phosphate are expected to remain weakly stable in the short term.

Diammonium Phosphate (DAP) Price Index:

According to Feidoodoo data calculations: On March 25th, the domestic diammonium phosphate mainstream 64% granule index was stable at 3851.67; the 60% brown index was stable at 3460.00; the 57% content index fell.

DAP Market Analysis and Forecast:

Today, the domestic DAP market prices showed a slight downtrend adjustment while remaining generally stable. On the enterprise side, businesses continue to execute pending orders with no changes in ex-factory prices. The atmosphere for new orders is flat, and the actual transaction prices are fluctuating downwards. From the market perspective, the market is running weakly, with a lackluster transaction atmosphere and a shift towards a weaker sentiment among traders, who are mostly observing the market. On the demand side, the follow-up of downstream procurement demand is general, with weak demand support. Most follow up with small purchases as needed, with a cautious purchasing mindset. Regarding raw materials, the prices of sulfur and phosphate rock are adjusting, while synthetic ammonia prices continue to rise, causing raw materials to fluctuate narrowly upwards. Overall, given the unstable market sentiment and weak supportive factors in the DAP market, the market prices of diammonium phosphate are expected to continue their weak adjustment in the short term.