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Phosphate Fertilizer Daily Review: Weak Follow-up in Demand, Enterprises Continue to Execute Pre-orders

June 12, 2024, 9:21 AM
Feidoodoo
1022
This article provides a comprehensive analysis of the current state of the phosphate fertilizer market, specifically focusing on monoammonium phosphate (MAP) and diammonium phosphate (DAP). Both segments exhibit stability in their respective price indices, with MAP prices showing no significant changes and DAP prices experiencing a slight downtrend. The analysis reveals a continuation of pre-order execution among enterprises, with a notable weak follow-up in demand and a cautious purchasing mindset in the downstream sectors. The fluctuation in raw material prices, particularly sulfur, phosphate rock, and synthetic ammonia, plays a significant role in shaping the market dynamics. Given the sluggish trend and the underlying weak demand, the forecast suggests that both MAP and DAP market prices will maintain a weak and stable trajectory in the short term. The findings highlight the critical interplay between supply-side execution and demand-side caution, underscoring the need for strategic adjustments in the phosphate fertilizer market.