# Phosphate Fertilizer Daily Review: Pre-Festival Demand Unlikely to Improve, Market Conditions Weakly Adjusting

> Chinese domestic MAP prices weakened on January 30, 2024, with the 55% powder index dropping to 3,100. DAP grades held steady as pre-Spring Festival production cuts and weak buyer demand limited transactions.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11964-phosphate-fertilizer-daily-review-pre-festival-demand-unlikely-to-improve
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Production shutdowns ahead of the Spring Festival and thin demand point to continued softness in Chinese phosphate prices, which trims near-term export offers.

## Read by commodity

- DAP: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-01-31 | 1 | -1.3% | -3.1 | Weak Chinese phosphate demand and pre-Spring Festival production cuts on Jan 30-31 pointed to soft market conditions, a bearish sentiment signal for DAP, though DAP grades held steady. |

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-daily-review-pre-festival-demand-unlikely-to-improve-market-conditions-weakly-adjusting.html

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