Phosphate Fertilizer Daily Review: Stable Market Operation Amid Mild Demand
Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data calculations, on May 7, the domestic price index for 55% powder MAP was 2901.25, indicating an increase. The 55% granular index was 3050.00, remaining stable. The 58% powder index was 3250.00, also stable.
MAP Market Analysis and Forecast:
Today, the domestic MAP market prices saw partial adjustments. On the enterprise side, there are still pending orders, with some factories receiving decent orders recently. Certain sources are becoming tight, leading to limited order acceptance and slightly increased prices. Market-wise, the industry’s operating load remains low, but sentiment has improved, and the market atmosphere is better than before. On the demand side, downstream agricultural procurement is generally active, with some regions showing decent demand, maintaining minimal on-demand purchases. Raw materials such as sulfur and phosphate rock prices remain stable, while the synthetic ammonia market price is rising, leading to stable to slightly increased raw material prices. Overall, the current MAP market is supported by downstream demand, with a slightly improved trading atmosphere and stable to rising costs, keeping prices high and stable. It is expected that MAP market prices will continue to stabilize and fluctuate in the short term.
Diammonium Phosphate (DAP) Price Index:
According to FeiDuoDuo data calculations, on May 7, the domestic mainstream 64% granular DAP index was 3828.33, showing a decrease. The 60% brown index was 3450.00, remaining stable. The 57% content index was 3465.00, also stable.
DAP Market Analysis and Forecast:
Today, the domestic DAP market prices remained stable with slight declines. On the enterprise side, companies are executing domestic pre-sales and export orders. Supported by pending orders, ex-factory prices showed no significant fluctuations, maintaining stability, with actual transactions negotiated case by case. Market-wise, the market atmosphere is cautious, with overall arrivals gradually increasing, leading to stable and fluctuating market conditions. On the demand side, domestic demand remains relatively mild, with cautious follow-up for summer corn fertilizer, resulting in average demand. Raw material prices for sulfur and phosphate rock remain high and stable, with synthetic ammonia prices slightly increasing, strengthening cost support. Overall, the current DAP market remains stable, with limited changes and cautious demand follow-up. It is expected that DAP market prices will continue to stabilize and fluctuate in the short term.
