# Phosphate Fertilizer Daily Review: Limited Downstream Demand Follow-Up, Market Transactions Narrowly Decline

> Chinese domestic MAP prices slipped on March 28, with the 55% powdered index falling to 3055.00 while granular grades held steady. The 57% DAP grade dropped to 3507.50 as new orders stayed weak and sales came under pressure.

- Date: 2024-03-29 · published 2024-03-29T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/4551-phosphate-fertilizer-daily-review-limited-downstream-demand-follow-up-market
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Ample supply and weak downstream demand are pushing phosphate quotes lower, which points to softer DAP prices in the near term.

## Read by commodity

- DAP: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-03-31 | 1 | -9.8% | -11.0 | Chinese DAP 57% index fell on March 28 with weak new orders and sales pressure, a direct bearish signal close to the move date. |
| DAP | 2024-04-05 | 5 | -12.6% | -3.4 | Weak new orders and falling Chinese DAP/MAP indices on March 28 show soft domestic demand and downward price pressure. |

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/phosphate-fertilizer-daily-review-limited-downstream-demand-follow-up-market-transactions-narrowly-decline.html

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