# Phosphate Fertilizer Daily Review: Poor Market Demand Follow-up, Prices Continue to Adjust

> Chinese MAP and DAP markets weakened on January 8, with the 55% powder MAP index falling to 3,308.75 and the 64% granular DAP index dropping to 3,863.33. Producers suspended quotations due to insufficient new orders and downstream buyers held minimal inventory. Phosphate rock prices stayed high but falling sulfur and ammonia costs limited upside.

- Date: 2024-01-09 · published 2024-01-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11086-phosphate-fertilizer-daily-review-poor-market-demand-follow-up-prices-continue
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak domestic demand and falling input costs point to continued downward pressure on Chinese phosphate prices. Export-oriented supply may become more available to global buyers.

## Read by commodity

- DAP: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-daily-review-poor-market-demand-follow-up-prices-continue-to-adjust.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.