# Daily Phosphate Fertilizer Review: Weakening Cost Price Support and Market Consolidation

> MAP and DAP markets showed weak consolidation as of April 23, with the domestic 55% powdered MAP index slipping to 2,893.75 while other grades held steady. Downstream demand stayed tepid, plant operating rates fell, and some small producers stopped production. Falling sulfur, phosphate rock and synthetic ammonia costs are weakening cost support.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5019-daily-phosphate-fertilizer-review-weakening-cost-price-support-and-market
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Soft downstream demand combined with falling raw material costs points to continued downward pressure on phosphate fertilizer prices. Lower DAP and phosphate rock values reduce input costs for compound feed and feed-grain producers.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-04-26 | 5 | -12.3% | -3.0 | Weak downstream demand, falling operating rates and declining sulfur, phosphate rock and ammonia input costs reduced cost support and pressured DAP/MAP prices, in line with the sharp weekly drop. |
| DAP | 2024-04-28 | 5 | -12.3% | -3.2 | On April 23-24, weak demand, falling plant operating rates and lower sulfur, rock and ammonia costs reduced cost support for MAP and DAP, which is a direct bearish input-cost and demand driver inside the window. |
| DAP | 2024-04-26 | 1 | -12.3% | -7.7 | Weak downstream demand, falling input costs (sulfur, rock, ammonia) and softening MAP index indicate eroding cost support and bearish sentiment, which could contribute to a DAP price decline. |
| DAP | 2024-04-25 | 1 | -12.3% | -7.7 | Weak downstream demand, falling operating rates and declining sulfur, rock and ammonia costs reduced cost support for DAP/MAP, consistent with a price decline. |

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/daily-phosphate-fertilizer-review-weakening-cost-price-support-and-market-consolidation.html

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