Phosphate Fertilizer Weekly: Market Prices Show Chaos, Downstream Demand Continues to Weaken

Phosphate Fertilizer Market Analysis:

Phosphate Fertilizer Market Price Analysis:

Monoammonium Phosphate (MAP): According to data from the Fertilizer Price Index: This week, the average price index for 55% powder is 3346.41, a decrease of 32.97 from last week, falling by 0.98%; the average price index for 55% granular is 3400.00, holding steady from last week; the average price index for 58% powder is 3633.33, also holding steady from last week.

This week, the market price of MAP continued to be mostly stable with minor declines. The market lacks clear quotations, with prices mostly stable. On the manufacturing side, pre-received orders from factories are gradually decreasing, with new orders showing weakness. Some factories have subtly lowered their prices, leading to market price chaos, and actual transactions continue to be negotiated. On the market side, the trend remains dull with limited new transactions and few inquiries, continuing a weak performance. In terms of supply, reductions and even shutdowns in production units have increased, keeping daily production low and operating rates negative. Demand-wise, downstream compound fertilizer production enthusiasm is low, with limited demand for MAP, keeping overall purchase prices low and maintaining a wait-and-see attitude.

Diammonium Phosphate (DAP): According to data from Fertilizer Price Index: This week, the average price index for 64% granular is 3869.17, down 2.50 from last week, falling by 0.06%; the average price index for 60% brown is 3460.00, holding steady from last week; the average price index for 57% DAP is 3552.50, down 24.00 from last week, falling by 0.67%.

This week, DAP market prices continued a stable but slight downward adjustment, supported by pending deliveries and firm attitudes. On the business side, there is a large volume of pending deliveries, some extending to mid-February. Current collection prices are stable, with most businesses executing pre-received orders, and actual transactions continue to be negotiated. On the market side, the movement of goods is slow, the atmosphere is muted, and the overall sentiment remains cautious and slightly rigid. Supply-wise, the operating rate in the DAP industry has significantly decreased, creating some positive tension in supply. Demand-wise, there is still a basic need in the downstream market, but purchasing enthusiasm remains average, maintaining a wait-and-see attitude and a bland sales atmosphere.

Domestic Phosphate Fertilizer Industry Operating Status:

Domestic MAP Industry Operating Status:

According to data from the Fertilizer Price Index: This week, the domestic MAP industry operating rate is about 52.07%, down 1.21% from last week, and down 3.64% year-on-year; the operating rate of the MAP industry has declined this week, falling below last year's level.

Domestic DAP Industry Operating Status:

According to data from the Fertilizer Price Index: This week, the domestic DAP industry operating rate is about 49.56%, up 3.85% from last week, and up 5.90% year-on-year; the operating rate of the DAP industry has risen this week, higher than last year's level.

Domestic Phosphate Fertilizer Weekly Production Trend:

Domestic MAP Weekly Production Trend:

According to data from the Fertilizer Price Index: This week, domestic MAP production is about 203,400 tons, down 2.26% from last week, and down 6.01% year-on-year; domestic MAP weekly production has fallen this week, below last year's level.

Domestic DAP Weekly Production Trend:

According to data from the Fertilizer Price Index: This week, domestic DAP production is about 249,000 tons, up 8.40% from last week, and up 14.59% year-on-year; domestic DAP weekly production has risen this week, above last year's level.

Domestic Phosphate Fertilizer Port Inventory Trend:

Domestic MAP Port Inventory Trend:

According to data from the Fertilizer Price Index: This week, the main port inventory of domestic MAP is about 32,000 tons, down 52.24% from last week, and down 77.90% year-on-year.

Domestic DAP Port Inventory Trend:

According to data from the Fertilizer Price Index: This week, the main port inventory of domestic DAP is about 163,200 tons, holding steady from last week, and down 20.85% year-on-year.

Phosphate Fertilizer Market Forecast:

Monoammonium Phosphate: In summary, the current MAP market continues to be flat, with raw materials stabilizing amidst fluctuations. The market transaction atmosphere is poor, prices are unclear, and the downstream mentality continues to be cautious. It is expected that next week's MAP market prices will continue to be mostly stable with a slight downward trend.

Diammonium Phosphate: In summary, the current DAP market has a large volume of pending deliveries, with some supply tensions. The market sentiment continues to be cautious, with mediocre sales and sluggish downstream demand. The overall market is in a state of negotiation, and it is expected that next week's DAP market prices will continue to be in a rigid consolidation.