Phosphate Fertilizer Daily Review: Weak Trading Activity in the Market, Phosphate Fertilizer Prices Stabilize
Monoammonium Phosphate Price Index:
According to data from Feidoodoo: On April 30th, the domestic price index for 55% powdered monoammonium phosphate (MAP) was 2881.25, remaining stable; the index for 55% granular MAP was 3050.00, also stable; and the index for 58% powdered MAP was 3250.00, maintaining stability.
Analysis and Forecast of Monoammonium Phosphate Market:
Today, the domestic prices of mono ammonium phosphate continue to stabilize. On the enterprise side, companies continue to ship existing orders slowly, with limited follow-up on new orders, and many opting to maintain minimum prices. Additionally, plant operation loads continue to decrease, leading to a reduction in supply. Current prices have reached a low point, with manufacturers' prices holding steady, and transactions continuing on a case-by-case basis. In the market, there is limited trading activity for new orders, with industry players adopting a cautious wait-and-see attitude, leading to a stalemate in market dynamics. In terms of demand, performance is average, with limited follow-up from industry players who continue to make purchases as needed, maintaining a cautious wait-and-see attitude. Regarding raw materials, the market for sulfur and phosphate rock is seeing increased transactions, while the synthetic ammonia market experiences fluctuations, resulting in narrow cost adjustments. Overall, current trading activity for monoammonium phosphate is weak, with reduced production from companies. However, costs remain high and stable, and it is expected that phosphate fertilizer prices will remain stable in the short term.
Diammonium Phosphate Price Index:
According to Feidoodoo data: On April 30th, the mainstream price index for 64% granular diammonium phosphate (DAP) was 3831.67, stable; the index for 60% brown DAP was 3450.00, stable; and the index for 57% content DAP was 3465.00, also stable.
Analysis and Forecast of Diammonium Phosphate Market:
Today, domestic diammonium phosphate market prices continue to stabilize. On the enterprise side, shipments of previous orders remain the focus, with most companies maintaining stable prices for current transactions, and industry sources indicating tight supplies. Companies are temporarily maintaining stable prices and adopting a wait-and-see approach. In the market, there is a continuation of stable market conditions, with industry players adopting a stable wait-and-see attitude. Market demand is limited, with moderate demand from buyers, and social inventories are not high, leading to limited price adjustments due to tight supply in some areas. In terms of demand, purchases in the North China market are following demand closely, with a general atmosphere of moderate trading activity and downstream industries primarily maintaining stability. Regarding raw materials, high prices for sulfur and phosphate rock provide support, while synthetic ammonia prices continue to fluctuate at high levels, providing strong cost support. Overall, the current demand for diammonium phosphate continues to be limited, with a subdued trading atmosphere among industry players and tight supplies, resulting in limited price adjustments. It is expected that diammonium phosphate prices will remain stable in the short term, with narrow fluctuations.
