# Phosphate Fertilizer Monthly Report: Market Prices Steadily Declining, Weak Downstream Demand

> China's phosphate fertilizer market was stable to slightly lower in late December 2023, with MCP prices easing on weak demand. DAP prices also softened, while exports of MCP and DAP rose year on year. Phosphate rock prices weakened and operating rates edged up.

- Date: 2024-01-02 · published 2024-01-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/32433-phosphate-fertilizer-monthly-report-market-prices-steadily-declining-weak
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Weak Chinese domestic demand and softer phosphate rock prices point to continued downward pressure on phosphate fertilizer prices. Strong exports help limit the decline.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-monthly-report-market-prices-steadily-declining-weak-downstream-demand.html

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