Phosphate Fertilizer Weekly Review: The market purchasing atmosphere is flat, and prices are slightly adjusted downwards

Phosphate Fertilizer Market Price Analysis:

Monoammonium Phosphate (MAP): According to Feidoodoo data, this week, the average price index for 55% powdered MAP is 3108.57, down 0.14% from last week. The 55% granular price index remains stable at 2820, while the 58% powdered price index is 3316.67, down 0.1% from last week.

This week, the MAP market price slightly declined but still maintained a high level. Enterprises are still fulfilling previous pre-received orders, with many pausing quotations. The previous orders were sufficient, with few new deals, and the spot supply was tight. Upstream, the cost price weakened, and the raw material price slightly decreased, leading to a synchronous decline in MAP prices. Downstream, the demand for compound fertilizer remains, but the volume is less, and most maintain a small amount of on-demand procurement.

Diammonium Phosphate (DAP): According to Feidoodoo data, this week, the 64% granular price index is 3774, stable from last week. The 60% brown price index is 3238, down 7.11% from last week, and the 57% DAP price index is 3418.5, stable from last week.

This week, the DAP market price slightly declined, but overall it remains high. Enterprises still have previous domestic and export pre-received orders, with some still pausing quotations and orders. The supply side sees an increase in domestic market arrivals, and the enterprise's enthusiasm for shipments has increased. On the demand side, the current DAP market downstream procurement enthusiasm has faded.

Market Forecast:

MAP: In the short term, enterprise orders support MAP, and although the demand side is slightly flat, the limited supply supports the bullish sentiment. Overall, next week's MAP market price is expected to remain stable, with specific attention needed on the cost price fluctuations.

DAP: Currently, the DAP market supply is increasing, and demand is relatively flat. With the upcoming peak procurement period, a new bullish sentiment is expected for the DAP market. Overall, next week's DAP market price is expected to continue to operate at a high level, with prices remaining stable.

Domestic MAP Industry Operation:
This week, the domestic MAP industry's operating rate is about 62.6%, down 2.18% from last week and up 24.3% year-on-year.

Domestic DAP Industry Operation:
This week, the domestic DAP industry's operating rate is about 65.4%, stable from last week and up 24.31% year-on-year.

Domestic MAP Weekly Production Trend:
This week, the domestic MAP production is about 245,000 tons, down 3.36% from last week and up 61.32% year-on-year.

Domestic DAP Weekly Production Trend:
This week, the domestic DAP production is about 323,000 tons, stable from last week and up 57.73% year-on-year.

Domestic MAP Port Inventory Trend:
This week, the main port inventory of the domestic MAP market is about 16,500 tons, stable from last week.

Domestic DAP Port Inventory Trend:
This week, the main port inventory of the domestic DAP market is 149,000 tons, stable from last week.