# Global Phosphoric Acid market witnesses a sluggish price trend amid slow purchasing offtakes

> Global phosphoric acid prices slowed in early December 2023 as slow offtake and Chinese inventory dumping weighed on the market. US producers face losses from high phosphate rock costs and the cut in Moroccan tariffs to 2.12% from mid-November.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33041-global-phosphoric-acid-market-witnesses-a-sluggish-price-trend-amid-slow
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weaker phosphoric acid prices reduce input costs for phosphate fertilizers, but producers running at limited capacity and the lower Moroccan tariff pressure domestic supply economics.

## Read by commodity

- DAP: neutral

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/phosphoric-acid-market-witnesses-a-sluggish-price-trend-amid-slow-purchasing-offtakes-23975

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