Today, the domestic MAP market is consolidating with a weak undertone. On the supply side, most manufacturers are still fulfilling existing orders, and while trader quotes vary, market prices remain largely unchanged, with actual transaction prices determined through negotiation. Market sentiment has improved slightly, accompanied by an uptick in inquiries. Regarding demand, some downstream compound fertilizer producers have increased inquiries recently, yet purchasing remains limited to essential needs; new order volumes are low, and overall demand remains sluggish. On the raw materials front, recent negotiations concerning navigation through the Strait of Hormuz (involving the US and Iran) continue to signal positive developments. According to the latest reports, Iran and Oman have reached a preliminary consensus on interim navigation arrangements; the agreement awaits final approval from Iran's National Security Council. If implemented, it would be valid for 60 days, aiming to temporarily restore passage through this critical waterway.

Today, domestic sulfur prices are consolidating with a firm trend, though market movements are divergent, and port inventories remain relatively low overall. Sulfuric acid prices continue to consolidate at low levels, while phosphate rock prices remain stable at highs, providing continued strong cost-side support. Overall, the MAP market is expected to continue its weak consolidation in the short term. Moving forward, key factors to monitor include raw material price trends, the pace at which downstream compound fertilizer producers begin stocking up for the autumn season, and the impact of geopolitical developments on costs.

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