Phosphate Fertilizer Daily Review: Lack of Cost Support, Market Runs Weakly
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data, as of January 15th, the domestic 55% powdered MAP index is stable at 3268.13, the 55% granular index is stable at 3400.00, and the 58% powdered index is stable at 3566.67.
Analysis and Forecast of MAP Market:
Today, the domestic MAP market prices continue to remain stable. From the enterprise perspective, new orders are limited, with most continuing to dispatch previously received pre-orders and suspending new price quotes. The market continues to operate weakly, with trading at a low ebb and the center of transactions sliding further. Demand-wise, downstream demand follow-up is still insufficient, with a continued wait-and-see purchasing attitude. Regarding raw materials, the prices of sulfur and synthetic ammonia continue to fall, while phosphate rock prices remain stable, leading to weak cost support. Overall, MAP enterprises are mostly dealing with pre-orders, and market players maintain a wait-and-see attitude. The market atmosphere is stagnant, with a short-term prediction of the MAP market prices continuing to be mostly stable with a slight decrease, facing upward pressure.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data, as of January 15th, the domestic mainstream 64% granular DAP index is stable at 3860.00, the 60% brown index is stable at 3450.00, and the 57% content index is stable at 3542.50.
Analysis and Forecast of the DAP Market:
Today, the domestic DAP market prices continue to remain stable. Factories continue to dispatch winter stock pre-orders, with current pre-orders being sufficient and prices remaining stable. However, traders' quotations are varied, increasing the scope for market negotiations, with actual transactions continuing on a case-by-case basis. The market continues to operate weakly, with a subdued trading atmosphere and transactions remaining negotiable. The downstream terminal fertilizer buying enthusiasm remains poor, with weak restocking intentions and low purchasing activity. In terms of raw materials, the prices of synthetic ammonia and sulfur continue to adjust downwards, while phosphate rock remains in tight supply with rising prices, reducing cost support. Overall, DAP factories are mostly dispatching pre-orders with stable prices, but with weak downstream purchasing intentions, the market operates weakly. A short-term prediction is that the DAP market prices will continue to undergo weak adjustments.
