This review offers a comprehensive insight into China's urea market, emphasizing the fluctuations in the domestic urea price index, dynamics of the urea futures market, analysis of the spot market, and future market projections. The narrative highlights a notable decline in urea prices, exploring various influencing elements such as supply and demand balance, strategic approaches of enterprises, and the impending National Day holiday. The market is anticipated to experience a downward adjustment in the near term, necessitating ongoing monitoring of daily production increments.

This article provides a daily review of the phosphate fertilizer market in China, focusing on the price indices, market analysis, and forecasts for monoammonium phosphate and diammonium phosphate. The article reports stable prices and discusses factors such as enterprise deliveries, cost, demand, and exports. The overall market atmosphere is described as dull, with expectations for stable prices in the short term.

On September 18th, the domestic MAP and DAP market showed slight adjustments in prices. The MAP market saw a narrow increase in prices, supported by the cost of pending orders, despite the weak market demand. The DAP market, on the other hand, showed a weak fluctuation, with upstream companies eager to ship and downstream traders being cautious in purchasing. It is expected that both MAP and DAP market prices will remain stable in the coming days.

On September 18th, the urea small granule price index rose by 0.33% from the previous week to 2614.68. The urea UR2401 futures contract showed an increase, closing at 2270. The spot market saw a continuation of strong urea prices, with some regions experiencing price increases. Despite the slow rise in daily production and low inventory levels, market demand remains. The short-term forecast suggests that urea spot prices will remain largely stable with minor adjustments.

The phosphate fertilizer market this week saw a slight decline in prices, with Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) both experiencing adjustments. The MAP market price slightly decreased but remained at a high level, with enterprises still fulfilling previous orders and pausing new quotations. The DAP market also saw a slight decline but maintained its high position. Both MAP and DAP production rates and port inventories showed specific trends, with MAP's operating rate decreasing slightly and DAP's remaining stable. The forecast suggests that both MAP and DAP prices will remain stable in the coming week.

The urea market experienced a slight price decline at the beginning of the week, but with favorable supply and demand conditions emerging, prices adjusted upwards. The average price index for small granular urea in China this week was 2595.14, showing a 0.65% decrease from the previous week. Initially, the market anticipated a resumption of previously halted production and the introduction of new production facilities. However, the recovery rate of daily production was slower than expected, leading to a market supply shortage. Despite a slight increase in enterprise inventory, it remained at a low level. The report also touched upon the compound fertilizer and melamine industries, highlighting their current market conditions. On the international front, there were adjustments in the FOB prices for urea. The outlook suggests a slow overall recovery in production, with enterprise inventory remaining low and a cautious market sentiment towards high prices.

On September 14th, the domestic urea market saw a rise in prices, supported by a favorable balance of supply and demand. The urea small granule price index increased, and the futures market showed a positive trend. The spot market analysis indicates a strong market trend with some regions experiencing price increases. The forecast suggests a short-term upward adjustment in urea spot prices due to low market supply and existing demand. The production situation of maintenance devices in the future remains a point of focus.

The phosphate fertilizer market on September 14th showed a decline in the MAP price, with the market being cautious due to high prices, resulting in fewer new orders. The DAP market, on the other hand, maintained its high price level, with companies continuing to execute previous orders and pausing new quotations. Despite the existing demand gap, the overall market purchasing enthusiasm is weak. Both MAP and DAP markets are expected to see stable prices with minor adjustments in the near future.

The urea daily review indicates an improvement in the market trading atmosphere with a slight upward adjustment in overall prices. The domestic urea price index and futures market data show a positive trend. While the spot market saw a rise in prices in various regions, the current market demand remains limited. The forecast suggests a predominantly bullish market, driven by factors such as wheat fertilization preparation and enterprise stock purchases. In the short term, urea spot prices are expected to remain largely stable with minor adjustments.

The phosphate fertilizer daily review indicates a weakening in market demand and a subdued trading atmosphere. Both Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) market prices continue to operate at high levels. While raw material prices are on the rise, providing cost support, the downstream shows resistance to high prices, leading to a cautious and wait-and-see approach in the market. Both MAP and DAP markets are expected to maintain a range-bound or stable operation in the near future.

The urea market review for the day highlights a clear low-price advantage with the market operating firmly. The urea small granule price index showed a slight increase. The futures market for urea indicated a positive trend, with the UR2401 contract showing an upward movement. The spot market remained mostly stable, with some regions experiencing price increases. The forecast suggests a tight urea supply but expects an increase in daily production soon. With continuous demand from the compound fertilizer market and previous exports, the urea market is expected to maintain a range-bound operation in the short term.

The daily review of the phosphate fertilizer market indicates a weak trading atmosphere with the downstream adopting a wait-and-see approach. The price indices for both Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) show some decreases. While the MAP market has cost support, there's resistance from the downstream towards high prices. The DAP market is influenced by urea export news, leading to cautious purchasing behavior. Both markets are expected to maintain a range-bound or stable operation.

The urea daily review indicates that high prices are leading to growing resistance in the market, with a weak trading atmosphere. The urea price index shows a slight decline, while the futures market sees a rise in the UR2401 contract. The spot market remains largely stable with a slight decrease in prices across various regions. The forecast suggests that due to increased production and high current prices, the spot price of urea is expected to decline slightly in the short term.

The daily review of phosphate fertilizer indicates strong cost support, with prices more likely to rise than fall. The Monoammonium Phosphate (MAP) market continues to operate at high levels due to strong cost support and stable demand. The Diammonium Phosphate (DAP) market sees a slight price adjustment with increased supply in the autumn and continued market demand. The overall sentiment suggests that MAP prices will remain high, while DAP prices are expected to be largely stable with minor adjustments.

This week, the domestic urea market displayed resistance with prices continuing to adjust downward. Despite the overall decline, prices remain at a high level. Different regions in China showed varied price trends for urea. The daily production of urea has seen a slight decline, but the operating rate remains higher than last year. Port inventories for both large and small granular urea have decreased, with company inventories also showing a decline. The compound fertilizer industry continues to operate at high prices, with companies having ample pending shipments. The melamine industry's prices remain high with limited demand. International market quotations for urea have seen adjustments, with China's FOB prices showing varied trends. The market outlook suggests a cautious approach to purchasing, with a tight supply and limited demand.