This review discusses the current state of the urea market, highlighting the continuation of price increases despite a slight slowdown in transactions. Factories have a high volume of pending orders, which reduces immediate sales pressure and supports strong pricing. The market is buoyed by positive sentiment and an increase in downstream demand as summer fertilizer production ramps up. With maintenance schedules set to continue affecting supply next month, overall market conditions suggest that prices will remain at adjusted high levels for the short term, supported by robust demand and decreasing corporate inventories.

In April 2024, the Chinese domestic urea market initially stabilized, but mid-month export news catalyzed a price increase, which later stabilized as the news was fully assimilated. Prices declined in the first half of the month due to high operational levels and ample supply, contrasting with weak demand, leading to cautious market sentiment and lower prices. In the latter half, loosened export policies and strong cost support from rising upstream prices improved market sentiment, pushing prices upward. The monthly average operational rate for the urea industry was 84.68%, with production reflecting a slight increase. Export volumes were significantly lower than the previous year, while imports surged. Moving forward, the urea market in May 2024 is expected to stabilize with prices adjusting based on subdued demand, anticipated supply reductions, and ongoing challenges in the export market due to falling international prices.

This weekly report covers the phosphate fertilizer market, highlighting a continued downturn in prices for both MAP and DAP amid an off-season sales impact. The operational rates and production outputs for both fertilizers are above last year's levels despite recent declines. The market remains subdued with limited demand follow-up, and both MAP and DAP prices are expected to continue their weak performance into the next week. The report underscores the challenges faced in balancing supply and demand within this sector.

This weekly report covers the urea market, noting that low inventory levels have helped improve market conditions and led to a rebound in prices after an initial drop. The first half of the week saw prices decline due to weakened export prospects, while the latter half witnessed a resurgence in prices driven by better low-price order collections and decreased inventories. The report predicts a cautious approach in the coming week with continued adjustments in production and inventory levels, and a responsive approach to market demand dynamics.

This review discusses the current state of the urea market in China, highlighting a rebound in market prices due to a reduction in corporate inventories and tight spot supplies. The futures market saw slight increases in prices, while spot market adjustments were made in response to improved trading conditions. Manufacturing sentiment is positive, bolstered by low inventory levels and cautious operational planning, which could favor future market conditions. Given these dynamics, the market is likely to continue its upward trend in the short term, closely tied to inventory fluctuations.

This review discusses the current state of the phosphate fertilizer market, particularly focusing on monoammonium phosphate (MAP) and diammonium phosphate (DAP) in China. Prices remain largely stable for MAP with a general wait-and-see attitude prevailing in the market, while DAP prices have seen a slight decrease due to limited new order transactions and sufficient supply. The demand in both markets remains cautious and minimal, with a weak trend expected to persist. The market dynamics for both MAP and DAP reflect cautious purchasing patterns and an overall bleak market sentiment, predicting a continuation of weak price movements in the near future.

This review highlights the current state of the phosphate fertilizer market, particularly focusing on monoammonium phosphate (MAP) and diammonium phosphate (DAP) in China. Both markets are showing signs of weak adjustment due to minimal follow-up in demand. MAP is experiencing a downward price adjustment due to ongoing low demand and reduction in production, while DAP prices remain stable with companies focusing on fulfilling existing orders. The primary raw materials such as sulfur, phosphate rock, and synthetic ammonia are showing minimal price fluctuations, contributing to the stable cost environment. Overall, both markets are expected to continue their weak performance in the short term, reflecting cautious buyer sentiments and limited demand.

The article reviews the current state of the urea market in China, noting a general downward trend in prices both in the futures and spot markets as the Labor Day holiday approaches. Manufacturers are lowering prices to attract more orders in response to a relaxed supply and demand situation. Market trends suggest further price reductions in the short term, influenced by various regional adjustments and the operational rates of manufacturing facilities. The analysis highlights the resistance to high prices among domestic buyers and predicts potential improvements in market engagement as prices continue to fall.

This report examines the recent developments in the urea market as of April 2024, highlighting the sustained high prices due to pending shipment supports and a general hesitance among buyers influenced by high pricing and cautious market sentiment. The futures market shows a moderate downturn, while the spot market continues to adjust prices downward across various regions. Despite a decrease in manufacturing activity, downstream demand remains tepid, affected by seasonal agricultural cycles and industrial needs. The market is expected to experience steady consolidation with a downward adjustment in prices in the near term, reflecting the current balance of supply and demand dynamics.

This report provides an analysis of the current trends in the markets for monoammonium phosphate (MAP) and diammonium phosphate (DAP) as of April 2024. It outlines significant pressures on inventory and production decreases in the MAP market, leading to a weakening price trend despite stable input prices. For DAP, market stability is maintained amid limited demand and declining input costs, suggesting a trend of market consolidation. The findings indicate that both markets are experiencing a shift towards weaker trading conditions, likely due to seasonal variations in demand and global economic pressures affecting raw material costs.

This report summarizes the import and export data for monoammonium phosphate (MAP) and diammonium phosphate (DAP) in China for March 2024, based on customs records. Both fertilizers experienced significant fluctuations in trade volumes compared to previous periods. MAP exports plummeted by nearly 100% YoY, whereas imports surged by a similar margin, suggesting major shifts in market dynamics. DAP also saw drastic declines in exports and minimal imports, indicating a potential decrease in global demand or shifts in domestic production strategies. The primary export destinations included India for MAP and Thailand, India, and Japan for DAP, underscoring China's strategic trade partnerships in the fertilizer sector.

The phosphate fertilizer market experienced limited follow-up demand and a weak atmosphere despite stable prices. Monoammonium phosphate (MAP) and diammonium phosphate (DAP) prices remained steady, with companies implementing minimum guarantee policies due to sluggish demand. While some areas saw stable prices, others experienced slight declines. The market outlook suggests continued weak consolidation, with subdued purchasing activity and reduced operational forecasts. Raw material prices remained steady, contributing to the overall stability in the phosphate fertilizer market.

This review discusses the current state of the urea market, highlighting a cautious approach to exports and declining international prices. Domestic urea prices have slightly decreased, and the futures market shows continued activity despite downward trends. The spot market reflects a stagnant atmosphere with enterprise quotes softening. Export potential is limited due to low international prices, affecting domestic enterprises' willingness to engage in foreign trade. With stable domestic demand and expected consolidation, the market is likely to adjust downward in the short term.

The report details China's urea import and export activity for March 2024, highlighting a significant decrease in exports and a substantial increase in imports compared to the previous year. Export volumes decreased dramatically by 96.48% year-over-year, with a notable reduction in exports to major partners such as Hong Kong, South Korea, and the UAE. In contrast, imports surged by 4232.96% year-over-year, with a significant increase in the average import price. The data reveals a shift in China's urea market dynamics, reflecting broader changes in global trade patterns and market demands.

The report provides a detailed analysis of the phosphate fertilizer market, focusing on Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) price dynamics, production trends, and inventory levels. Prices for both MAP and DAP continued to adjust downward due to subdued market demand and the introduction of minimum guarantee policies by manufacturers. The production rates for MAP showed a significant year-over-year increase despite a weekly decrease, while DAP production rates also increased. Inventory levels at major ports remained stable or showed slight increases. The report concludes that both MAP and DAP markets are expected to maintain weak and consolidated price movements in the short term due to limited demand follow-ups and continued policy interventions by manufacturers.