Phosphate Fertilizer Weekly: Market Boosted by Export News, Trading Atmosphere Significantly Improved

Phosphate Fertilizer Market Analysis:

Price Analysis of Phosphate Fertilizers:

Monoammonium Phosphate (MAP):

According to data from Feidoodoo, this week, the average price index for 55% powder form was 3,071.00, an increase of 21.00 from last week, up by 0.69%; the average price index for 55% granular form remained steady at 3,250.00; the average price index for 58% powder form was 3,400.00, an increase of 11.11 from last week, up by 0.33%.

This week, the domestic MAP market continued to be generally stable with minor adjustments. The market atmosphere was lively, and transactions were favorable. From the factory perspective, manufacturers had a strong inclination to raise prices, and the current quotes continued to rise. Prices maintained a steady upward trend, with lower-end supplies gradually decreasing and the market's transaction focus moving upward. Market-wise, the inquiry atmosphere was decent, and export news continued to drive market sentiment this week, creating a strong speculation atmosphere and a strong intention for price increases. In terms of supply, enterprise operation and daily production continued to improve, with factories producing actively. Regarding demand, there was an increasing trend in shipments of downstream compound fertilizers. Although the market did not show a significant improvement, raw material procurement remained relatively limited, maintaining minimal on-demand purchasing. However, favorable conditions for downstream factories continued to be released, and the market outlook was expected to improve.

Diammonium Phosphate (DAP):

According to data from Feidoodoo, this week, the average price index for 64% granular form was 3,844.72, a decrease of 6.94 from last week, down by 0.18%; the average price index for 60% brown form remained steady at 3,450.00; the average price index for 57% DAP was 3,527.50, an increase of 4.17 from last week, up by 0.12%.

This week, the domestic DAP market prices saw minor adjustments within a range, with downstream demand following suit and the overall supply-demand situation being slightly tight. From the enterprise perspective, company quotes remained stable, with some local quotes slightly increasing. Price adjustments were mostly upward, and market quotes gradually leaned toward the higher end. Market-wise, the atmosphere continued to improve, and transactions improved. Export news boosted confidence, leading to a positive outlook for the future, with current prices remaining stable and transaction prices steady. In terms of supply, current enterprise inventories were low, with a strong bullish sentiment for the future. Regarding demand, export news stimulated downstream purchasing attitudes, enhancing traders' enthusiasm for stockpiling. The winter storage market demand was expected to gradually release, but current end-user demand was still recovering slowly, with an overall wait-and-see sentiment remaining.

Domestic Phosphate Fertilizer Industry Operation:

Operation of the Domestic MAP Industry:

According to statistics from Feidoodoo, this week, the domestic MAP industry's operation rate was about 53.16%, an increase of 6.11% from last week, down by 1.79% year-on-year. The MAP industry's operation rate increased this week, slightly lower than the same period last year.

Operation of the Domestic DAP Industry:

According to statistics from Feidoodoo, this week, the domestic DAP industry's operation rate was about 62.08%, an increase of 4.60% from last week, up by 5.89% year-on-year. The DAP industry's operation rate increased this week, continuing to be higher than the same period last year.

Domestic Phosphate Fertilizer Weekly Production Trends:

Domestic MAP Weekly Production Trend:

According to statistics from Feidoodoo, this week, the domestic MAP production was about 206,900 tons, an increase of 13.06% from last week, down by 3.27% year-on-year. Domestic MAP weekly production increased this week, slightly lower than the same period last year.

Domestic DAP Weekly Production Trend:

According to statistics from Feidoodoo, this week, the domestic DAP production was about 298,700 tons, an increase of 8.03% from last week, up by 6.87% year-on-year. Domestic DAP weekly production increased this week, continuing to be higher than the same period last year.

Domestic Phosphate Fertilizer Port Inventory Trends:

Domestic MAP Port Inventory Trend:

According to statistics from Feidoodoo, this week, the main port inventory of the domestic MAP market was about 22,000 tons, remaining steady from last week, down by 74.71% year-on-year.

Domestic DAP Port Inventory Trend:

According to statistics from Feidoodoo, this week, the main port inventory of the domestic DAP market was about 80,200 tons, remaining steady from last week, down by 42.22% year-on-year.

Phosphate Fertilizer Market Forecast:

MAP: Overall, the current MAP market atmosphere is good, with demand gradually following. Positive factors are being progressively released, and there is still room for price increases. It is expected that the MAP market prices will continue to explore narrow gains next week.

DAP: Overall, current DAP factory prices are stable, with winter storage demand still present and gradually releasing. The market supply is tight, and the bullish sentiment is strong. It is expected that DAP market prices will stabilize and explore increases next week.