# Phosphate Fertilizer Monthly: Insufficient Demand Follow-Up, Weak Market Operation

> China's domestic MAP index fell about 7% month-on-month in January 2024 on weak demand, reduced production and low operating rates, while DAP prices were roughly stable with minor drops. Port inventories fell sharply and December exports were mixed.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11961-phosphate-fertilizer-monthly-insufficient-demand-follow-up-weak-market-operation
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Weak Chinese phosphate demand and softening raw material costs point to lower phosphate export pressure, which marginally eases DAP and MAP costs for global feed-phosphate buyers.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-01-31 | 1 | -1.3% | -3.1 | Monthly review shows weak demand and low operating rates in China with the MAP index down about 7% and DAP slightly lower, consistent with a modest DAP price drop on the day. |

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-monthly-insufficient-demand-follow-up-weak-market-operation.html

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