Phosphate Fertilizer Weekly: Post-Holiday Market Demand Gradually Emerges, Atmosphere Improves

Phosphate Fertilizer Market Analysis:

Price Analysis of Phosphate Fertilizers:

Monoammonium Phosphate (MAP): According to data estimated by Feidoodoo, this week, the average price index for 55% powdered form was 3050.00, a decrease of 28.13 from last week, falling by 0.91%; the average price index for 55% granular form was 3250.00, remaining stable from last week; the average price index for 58% powdered form was 3388.89, an increase of 5.56 from last week, rising by 0.16%.

This week, after the Spring Festival holiday, the market prices of MAP have been generally stable with minor adjustments, maintaining overall stability and a positive post-holiday atmosphere. From the perspective of enterprises, many did not provide clear quotations, continuing to maintain pre-holiday prices, with some enterprises continuing to implement minimum price guarantees. Actual transactions were primarily based on negotiations. Regarding the market, it was still in the holiday phase with sparse entry by traders, but inquiries improved in the latter half of the week, with the overall market maintaining a wait-and-see attitude. In terms of supply, the operation and daily production of enterprises increased from last week, and the bullish sentiment in the market significantly boosted the production enthusiasm within the industry. Regarding demand, the rainy and snowy weather in many areas affected the purchasing mentality downstream, leading to a gradual slowdown in demand. Compound fertilizer factories' follow-up purchases need to be enhanced, with a cautious purchasing attitude and limited actual order follow-up.

Diammonium Phosphate (DAP): According to data estimated by FeiDuoDuo, this week, the average price index for 64% granular form was 3851.67, remaining stable from last week; the average price index for 60% brown form was 3450.00, remaining stable from last week; the average price index for 57% DAP was 3522.50, remaining stable from last week.

This week, post-holiday DAP market prices mostly remained stable, with market transaction prices essentially continuing from before the holiday. On the enterprise front, businesses actively shipped pre-received orders, with localized enterprises slightly raising their quotations; upstream traders' quotations remained stable without significant adjustments to collection prices. Regarding the market, the transaction atmosphere improved compared to the previous period, with overall shipments improving. In terms of supply, the operation and daily production of enterprises continued to increase slightly, with the current market facing a relative shortage of goods and tight spot supply, maintaining stable operation. In terms of demand, the speculative atmosphere among traders slightly increased post-holiday due to export rumors, with many adopting a wait-and-see approach toward export policies. The spring farming market continued to exhibit a wait-and-see atmosphere, with cautious operations by traders and an atmosphere of transactions that need to be improved. Industrial downstream factories maintained a cautious purchasing mentality, with only minimal essential orders being followed up.

Domestic Phosphate Fertilizer Industry Operation Status:

Operation Status of the Domestic MAP Industry:

According to statistics from Feidoodoo, this week, the domestic MAP industry's operation rate was approximately 46.92%, an increase of 3.94% from last week but a decrease of 11.18% year-on-year. The operation rate of the MAP industry increased during the week but remained lower than the same period last year.

Operation Status of the Domestic DAP Industry:

According to statistics from Feidoodoo, this week, the domestic DAP industry's operation rate was approximately 57.56%, an increase of 0.71% from last week and an increase of 2.84% year-on-year. The operation rate of the DAP industry increased during the week, continuing to be higher than the same period last year.

Trend of Domestic Phosphate Fertilizer Weekly Production:

The trend of Domestic MAP Weekly Production:

According to statistics from Feidoodoo, this week, domestic MAP production was approximately 183,400 tons, a rise of 9.19% from last week but a fall of 19.24% year-on-year. The domestic MAP weekly production rose during the week but remained lower than the same period last year.

Trend of Domestic DAP Weekly Production:

According to statistics from Feidoodoo, this week, domestic DAP production was approximately 277,200 tons, a rise of 1.24% from last week and an increase of 1.73% year-on-year. Considering the current market atmosphere for MAP, although shipments were slow, downstream continued to follow up with replenishment orders. Coupled with a slight rise in raw material prices, this formed a positive aspect, with expectations for the MAP market prices to maintain stability with minor fluctuations next week.

DAP: Overall, the current DAP market still has essential demand, but traders' mentality remains cautious, with a wait-and-see approach to follow-up. The tight supply of market goods continues, with a slow recovery in the atmosphere, and it is expected that DAP market prices will maintain steady consolidation next week.

Trend of Domestic Phosphate Fertilizer Port Inventory:

The trend of Domestic MAP Port Inventory:

According to statistics from Feidoodoo, this week, the main port inventory of the domestic MAP market was approximately 12,000 tons, remaining stable from last week but a decrease of 89.47% year-on-year.

Trend of Domestic DAP Port Inventory:

According to statistics from Feidoodoo, this week, the main port inventory of the domestic DAP market was approximately 52,200 tons, remaining stable from last week but a decrease of 71.69% year-on-year.

Phosphate Fertilizer Market Forecast:

MAP: Overall, the current MAP market atmosphere is positive, although shipments are slow, downstream continues to follow up with replenishment orders. Coupled with a slight rise in raw material prices, this forms a positive aspect, with expectations for the MAP market prices to maintain stability with minor fluctuations next week.

DAP: Overall, the current DAP market still has essential demand, but traders' mentality remains cautious, with a wait-and-see approach to follow-up. The tight supply of market goods continues, with a slow recovery in the atmosphere, and it is expected that DAP market prices will maintain steady consolidation next week.