Phosphate Fertilizer Production and Operating Rate in December 2023
Monoammonium Phosphate (MAP) Production:
In December 2023, domestic MAP production was about 990,300 tons, an increase of 3,900 tons compared to the previous month, marking a 0.40% month-on-month increase. This represents a 5.16% year-on-year increase, with an increase of 48,600 tons compared to last year. From January to December 2023, the cumulative MAP production was 10.6664 million tons, an increase of 610,000 tons compared to the same period last year, up by 6.07%. This month's MAP production saw minor changes. Some units in Sichuan were affected by environmental regulations, leading to reduced or even ceased production by the end of the month. However, some factories gradually restarted their previously under-maintenance units, resulting in minor overall production changes this month.
MAP Operating Rate:
In December 2023, the domestic MAP industry's operating rate was about 53.28%, a 4.64% decrease month-on-month and a 5.95% decrease year-on-year. The average operating rate from January to December 2023 was about 54.33%, a 0.89% year-on-year increase.
Diammonium Phosphate (DAP) Production:
In December 2023, domestic DAP production was approximately 1.134 million tons, an increase of 67,000 tons from the previous month, up by 6.28% month-on-month, and a 13.40% increase compared to the same period last year, with an increase of 134,000 tons. From January to December 2023, the cumulative DAP production was 13.9386 million tons, an increase of 1.5639 million tons compared to the same period last year, up by 12.64%. This month, DAP enterprises shifted their focus to domestic supply. Domestic market orders were good, and many enterprises actively fulfilled their pre-received orders, increasing supply compared to the previous month.
DAP Operating Rate:
In December 2023, the domestic DAP industry's operating rate was about 45.71%, a 3.55% decrease month-on-month and a 4.20% decrease year-on-year. The average operating rate from January to December 2023 was about 56.17%, a 6.42% year-on-year increase.
