Daily Phosphate Fertilizer Review: Increased Inquiries in Monoammonium Phosphate Market, Essential Demand Follows in Diammonium Phosphate Market
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data, on April 16th, the domestic MAP 55% powdered index stood stable at 2931.25; the 55% granular index was stable at 3150.00; and the 58% powdered index was stable at 3283.33.
MAP Market Analysis and Forecast:
Today, domestic MAP market prices continued to hold steady. On the enterprise front, many companies have introduced policies, and with recent urea price increases driving better market transactions, current deals mostly remain on a case-by-case basis. In the market, driven by a significant rise in urea prices, inquiries have increased, leading to a warmer trading atmosphere and an overall improvement compared to earlier periods. On the demand side, there is an increase in downstream inquiries, with compound fertilizer factories primarily making essential purchases, though there has been no significant uplift in transactions. Regarding raw materials, prices for sulfur and phosphate rock are oscillating at high levels, while the price of synthetic ammonia continues to adjust downward, with little change in cost prices. Overall, influenced by the sharp rise in urea prices, the MAP market atmosphere has slightly warmed, and as companies roll out related policies, the MAP market prices are expected to experience minor fluctuations in the short term with no significant changes.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data, on April 16th, the domestic DAP mainstream 64% granular index remained stable at 3843.33; the 60% brown index was stable at 3450.00; and the 57% content index was stable at 3465.00.
DAP Market Analysis and Forecast:
Today, domestic DAP market prices continued to hold steady. Enterprises are persistently fulfilling export orders and a few domestic pre-received orders, with no inventory pressure, and the ex-factory price for domestic sales remains stable, with limited follow-up on new orders. Market-wise, the trading atmosphere is stable, with only a limited amount of new order follow-ups, and the market is overall consolidating. On the demand side, domestic spring planting needs are wrapping up, with mainly essential small-scale follow-ups currently dominating, and domestic demand remains subdued. In terms of raw materials, prices for sulfur and phosphate rock are high but stable, while synthetic ammonia prices are adjusting downward, maintaining high-cost support. Overall, as domestic demand for DAP nears its end, it is expected that DAP market prices will experience weak fluctuations and adjust in the short term.
