# Phosphate Fertilizer Daily Review: Lackluster Demand Follow-up, Market Continues Weak and Stable Operation

> Feidoodoo's February 2 review reports Chinese MAP and DAP prices were broadly stable on February 1, with MAP 55% powder at 3,100 and DAP 64% granular at 3,851.67. Factory orders, shipments and downstream demand are weak ahead of the Spring Festival, and inventories are rising.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/31974-phosphate-fertilizer-daily-review-lackluster-demand-follow-up-market-continues
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak domestic Chinese phosphate demand and rising inventories point to soft phosphate fertilizer prices in the near term, which lowers input costs for feed producers' crop suppliers but does little to move feed grain prices directly.

## Read by commodity

- DAP: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-daily-review-lackluster-demand-follow-up-market-continues-weak-and-stable-operation.html

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