Monoammonium Phosphate (MAP) Price Index:
According to Feidoodoo data, on May 22:
- The domestic MAP 55% powdered index remained stable at 3006.25.
- The 55% granular index was steady at 3080.00.
- The 58% powdered index held firm at 3333.33.
MAP Market Analysis and Forecast:
Today, the domestic MAP market prices saw slight adjustments within a stable range. On the enterprise side, there are significant pending orders, with many companies limiting or suspending new orders, continuing to push prices up with a firm pricing stance. In the market, there is ongoing interest in new orders, supporting a short-term exploratory rise in prices under the influence of pending orders. On the demand side, as the summer fertilization season gradually concludes, the agricultural demand atmosphere has slightly diminished. High-priced goods have limited transactions, with purchases maintaining just-in-time restocking, which somewhat drives price explorations. Regarding raw materials, the prices for sulfur and phosphate rock are fluctuating within a stable range, while the synthetic ammonia market continues to decline, slightly lowering cost pressures. Overall, given the weak downstream follow-up at high prices and reduced raw material support, prices are expected to continue small adjustments within a stable range, supported by significant pending orders.
Diammonium Phosphate (DAP) Price Index:
According to Feidoodoo data, on May 22:
- The domestic mainstream 64% granular DAP index remained stable at 3776.67.
- The 60% brown index held steady at 3450.00.
- The 57% content index was constant at 3387.50.
DAP Market Analysis and Forecast:
Today, domestic DAP market prices remained stable. Enterprises are primarily shipping export goods, with domestic transactions mainly consisting of small orders, and no change in domestic pricing, with actual transactions negotiated on a case-by-case basis. The market is currently experiencing a shortage of large shipments, with limited available supplies maintaining stable prices. On the demand side, there is a slight ongoing just-in-time demand from downstream corn fertilizer buyers, overall purchasing is tepid, and the market sentiment remains cautious. Regarding raw materials, prices for sulfur and phosphate rock are seeing narrow declines, with the synthetic ammonia market experiencing a slight decrease, leading to a weakened cost outlook. Overall, the DAP market continues its weak performance, with enterprises focusing on fulfilling foreign orders. Domestic prices are expected to remain stable with minor adjustments.