# Phosphate Fertilizer Daily Review: Demand Follow-up is Moderate, Market Trend Weakens

> Chinese domestic MAP price indices were stable on March 27, with the 55% powdered index at 3067.50 and the 64% granular DAP index at 3846.67. Weak new orders and soft downstream demand from compound fertilizer producers kept the trend under bearish pressure.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/4550-phosphate-fertilizer-daily-review-demand-follow-up-is-moderate-market-trend
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Oversupply and sluggish buying in China keep phosphate prices under pressure, which suggests limited upside for DAP in the near term.

## Read by commodity

- DAP: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-daily-review-demand-follow-up-is-moderate-market-trend-weakens.html

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