January 29th News — Hongda Co., Ltd. announced on January 28th that the phosphate series unit at its Shifang Phosphochemical Branch has successfully completed shutdown maintenance and equipment upgrades, resuming full production on January 28, 2026. Chempricehub Analysis: **Monoammonium Phosphate** — Bull-Bear Score: -1 The resumption of production at Hongda Co., Ltd.’s phosphate unit increases market supply, which may exert downward pressure on spot prices. The rise in supply alleviates the shortage caused by earlier maintenance, but the overall risk of oversupply intensifies, exerting a generally bearish influence on prices. **Phosphoric Acid** — Bull-Bear Score: -1 The resumption of production boosts phosphoric acid supply, shifting the supply-demand balance in the spot market toward a looser state, potentially leading to downward price pressure. With production restored, the release of enterprise capacity increases inventory, exerting a generally bearish influence on spot prices.