This week, the iron phosphate market operated steadily, with some enterprises experiencing a slight increase in demand orders. The overall market maintained a robust trend in July. The cost side showed differentiation: the price of industrial-grade MAP dropped back slightly recently. Despite being in the off-season for fertilizer use, there was no significant decline, mainly due to the continued strong demand support from the new energy sector, which became an important anchor point for the market. The price of ferrous sulphate increased, having limited impact on the production cost of iron phosphate. It is worth noting that the recovered iron phosphate capacity will be put into operation successively in Q3, and the market supply side is expected to expand, further boosting the downstream demand for cost reduction. The momentum for cost optimization in the industry may strengthen.