Phosphate Fertilizer Daily Review: Market Performance Moderate Amid News Influence
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo Index data: On December 11, the domestic index for 55% powdered MAP was 3440.00, showing a decrease; the index for 55% granular MAP was stable at 3400.00; and the index for 58% powdered MAP remained steady at 3650.00.
MAP Market Analysis and Forecast:
Today, domestic MAP market prices are adjusting downward. On the factory side, manufacturers continue to execute previously pending orders, with the volume of orders awaiting shipment continuously decreasing. Most enterprises hold nearly half a month's worth of orders pending, with a few able to execute orders until the end of this month or January. Market-wise, influenced by news, the overall demand for domestic MAP has cooled, maintaining a weak operation, with limited new transactions. On the supply side, MAP market supply has slightly decreased, but overall supply remains relatively sufficient. Demand-wise, the current market demand is weak, with subdued needs in many areas, but the operational rate of compound fertilizer enterprises in Northeast has improved, slightly boosting inquiries. Regarding raw materials, the price of synthetic ammonia has slightly increased, and the supply of phosphate rock remains tight, still providing some support cost-wise. In summary, under the influence of market news, upward price pressure exists for MAP, and it is expected that in the short term, MAP market prices will remain stagnant.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo Index data: On December 11, the domestic mainstream index for 64% granular DAP was 3880.00, stable; the index for 60% brown DAP was 3620.00, stable; and the index for 57% DAP was 3602.50, stable.
DAP Market Analysis and Forecast:
Today, domestic DAP market prices remain stable. On the enterprise side, companies have sufficient pre-received orders, with some pending until late January; stockholders' price quotations have narrowed slightly and continue to decline, with a significant gap between enterprises' collection prices and traders' quotations, resulting in fewer orders for enterprises. Market-wise, the trading atmosphere is moderate, with downstream purchasing enthusiasm slowing down and turning weaker. Supply-wise, this year's market arrivals are still lagging behind previous years, with a tighter supply. Demand-wise, the volume of winter storage stock is still insufficient, and purchasing is progressing slowly, with weak downstream demand support. However, the essential demand for winter storage still exists, with potential follow-up intentions. Regarding raw materials, the price of synthetic ammonia has slightly rebounded, and phosphate rock prices remain firm, with costs still at a high level. In summary, currently, DAP enterprises are focusing on the domestic market, with the market maintaining a cautious and observant attitude. It is expected that in the short term, DAP market prices will continue to undergo adjustments.
