
India is expected to end July 2025 with about 2 million t of DAP in stock, up roughly 420,000 t from the start of the month. The build reflects imports of about 1.09 million t against expected domestic output of about 330,000 t and offtake of about 1 million t.
The government has urged importers not to buy above US$810/t cfr.
A larger Indian stock cushion and government pressure on import prices reduce urgency to buy, which could soften DAP prices. Import volumes also show Indian demand is being met for now.
Tras 40 eventos bajista de comercio pasados, DAP se movió una mediana de -0,1 % en 5 sesiones (38% al alza; mitad central entre -3,7 % y +0,5 %), y -2,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.