Phosphate Fertilizer Weekly: Following Winter Storage Needs, Market Remains Generally Stable with Minor Adjustments

Phosphate Fertilizer Market Analysis:

Phosphate Fertilizer Price Analysis:

Monoammonium Phosphate (MAP): According to Feidoodoo Data, this week, the price index average for 55% powdered MAP is 3116.75, up by 15.00 from last week, a 0.48% increase; the price index average for 55% granular MAP is 3150.00, down by 40.00 from last week, a 1.25% decrease; the price index average for 58% powdered MAP is 3433.33, up by 13.33 from last week, a 0.39% increase.

This week, domestic MAP prices were generally stable with minor adjustments, market operations were lackluster, trading was mediocre, and transactions were focused on steady and slightly downward adjustments. From the factory perspective, the focus was on fulfilling pre-received orders, with many suspending quotations and orders, and actual transactions being negotiated on a case-by-case basis. Supported by pending orders, manufacturers were inclined to maintain prices. On the market side, the overall trading atmosphere was average, with few new transactions and limited high-price transactions, maintaining negotiations. Supply-wise, companies continued to increase production and daily output, focusing on ensuring supply. Demand-wise, as it is the peak season for spring plowing, the atmosphere for agricultural shipments was positive, and downstream procurement of raw materials for compound fertilizers maintained necessary restocking, with demand expected to increase further.

Diammonium Phosphate (DAP):

According to Feidoodoo Data, this week, the price index average for 64% granular DAP is 3855.00, up by 2.78 from last week, a 0.07% increase; the price index average for 60% brown DAP remains steady at 3450.00; the price index average for 57% DAP is 3527.50, remaining steady from last week.

This week, domestic DAP market prices were stable, with a steady trading atmosphere and a positive mood, operating at a high and stable level overall. Factories were fulfilling pre-received orders with pending shipments extending into mid-April, current prices remained stable without adjustments, and actual transactions were still primarily negotiations. The market continued a steady trend, with purchasing maintained on an as-needed basis due to high market prices. On the supply side, DAP supply decreased this week, with the market experiencing somewhat tight supply and prices mainly consolidating. Demand-wise, agricultural winter storage needs continued to follow up, with the purchasing atmosphere among end users still recovering, and downstream factories showing increased enthusiasm for stocking fertilizers, though acceptance of high prices was limited, maintaining as-needed restocking.

Domestic Phosphate Fertilizer Industry Operation:

Domestic Monoammonium Phosphate (MAP) Industry Operation:

According to Feidoodoo Data, this week, the domestic MAP industry's operational rate is approximately 62.92%, up by 0.05% from last week, an 8.61% increase year-on-year; the MAP industry's operational rate continued to increase this week, still above the level of the same period last year.

Domestic Diammonium Phosphate (DAP) Industry Operation:

According to Feidoodoo Data, this week, the domestic DAP industry's operational rate is approximately 60.09%, down by 3.48% from last week, a 2.03% increase year-on-year; the DAP industry's operational rate decreased this week but remained above the level of the same period last year.

Domestic Phosphate Fertilizer Weekly Production Trends:

Domestic Monoammonium Phosphate (MAP) Weekly Production Trend:

According to Feidoodoo Data, this week, domestic MAP production is approximately 245,700 tons, up by 0.08% from last week, a 15.84% increase year-on-year; domestic MAP weekly production slightly increased this week, above the level of the same period last year.

Domestic Diammonium Phosphate (DAP) Weekly Production Trend:

According to Feidoodoo Data, this week, domestic DAP production is approximately 289,300 tons, down by 5.46% from last week, a 0.10% increase year-on-year; domestic DAP weekly production decreased this week but was slightly above the level of the same period last year.

Domestic Phosphate Fertilizer Port Inventory Trends:

Domestic Monoammonium Phosphate (MAP) Port Inventory Trend:

According to Feidoodoo Data, this week, the main port inventory of the domestic MAP market is approximately 23,000 tons, remaining steady from last week, a 57.41% decrease year-on-year.

Domestic Diammonium Phosphate (DAP) Port Inventory Trend:

According to Feidoodoo Data, this week, the main port inventory of the domestic DAP market is approximately 97,200 tons, remaining steady from last week, a 32.08% decrease year-on-year.

Phosphate Fertilizer Market Forecast:

Monoammonium Phosphate (MAP):

In summary, current MAP manufacturers continue to fulfill pre-orders, with downstream fulfilling only necessary orders, showing an average overall performance. The market situation is expected to remain stable with minor adjustments and little change, predicting that next week's MAP market prices will continue to hold steady.

Diammonium Phosphate (DAP):

In summary, with the current DAP market experiencing tight supply, agricultural needs steadily following, and ongoing demand, the market continues to transact positively. It is expected that next week's DAP market prices will continue to remain stable with minor adjustments.