# China's return to the international marker drives down pricing of nitrogen, phosphate and potash | Farm Weekly | WA

> CSBP says nitrogen, phosphate and potash prices are easing from recent highs as China returns to the international market. Chinese suppliers in Indian urea tenders have limited other exporters' ability to push prices higher. Pakistan and India are also buying urea, with supply expected from the Middle East, Southeast Asia and possibly Russia.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/10122-china-s-return-to-the-international-marker-drives-down-pricing-of-nitrogen
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Renewed Chinese export supply and tender competition put downward pressure on urea, and phosphate and potash prices are following. Lower fertilizer costs can ease feed-grain production costs over time.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-10-28 | 1 | -8.6% | -3.5 | China's return to Indian urea tenders capped other exporters' pricing power and added supply, with buying from Pakistan and India not enough to offset it, so urea prices fell. |
| UREA | 2022-10-27 | 1 | -8.6% | -3.5 | China's return to export markets and Chinese suppliers in Indian tenders cap other exporters' pricing power, adding supply-side downward pressure on urea. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-07-30 | [China's return to the international urea market ends bull run](https://feedsoft.ai/events/46374-china-s-return-to-the-international-urea-market-ends-bull-run.md) | -2.2% | -2.1% |
| UREA | 2022-05-27 | [Nitrogen and phosphates drift downwards as Rand strength helps push local prices down. - South Africa](https://feedsoft.ai/events/6165-nitrogen-and-phosphates-drift-downwards-as-rand-strength-helps-push-local.md) | -17.5% | -21.4% |
| UREA | 2023-10-27 | [Indian tender pushes urea prices down; Phosphates and Potash prices unmoved.](https://feedsoft.ai/events/33539-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved.md) | -4.8% | -8.8% |
| UREA | 2026-05-23 | [Brazil's structural shift to ammonium sulfate is pulling urea prices down; China's return is the year's biggest wildcard - Fertilizer Daily](https://feedsoft.ai/events/19579-brazil-s-structural-shift-to-ammonium-sulfate-is-pulling-urea-prices-down-china.md) | -19.8% | -31.4% |
| UREA | 2026-08-20 | [IFDC: China’s urea exports ease nitrogen prices, but fertilizer markets remain tense - Fertilizer Daily](https://feedsoft.ai/events/17859-ifdc-china-s-urea-exports-ease-nitrogen-prices-but-fertilizer-markets-remain.md) | +1.1% | +17.4% |
| DAP | 2022-05-27 | [Nitrogen and phosphates drift downwards as Rand strength helps push local prices down. - South Africa](https://feedsoft.ai/events/6165-nitrogen-and-phosphates-drift-downwards-as-rand-strength-helps-push-local.md) | -12.2% | -9.0% |
| DAP | 2022-11-01 | [DAP prices come down to $750 in the global market; stocks situation better for Rabi](https://feedsoft.ai/events/39444-dap-prices-come-down-to-750-in-the-global-market-stocks-situation-better-for.md) | -0.7% | -4.0% |
| DAP | 2025-08-26 | [Amid thaw in ties, China to soon revive fertilizer supply to India \| Mint](https://feedsoft.ai/events/23274-amid-thaw-in-ties-china-to-soon-revive-fertilizer-supply-to-india-mint.md) | -2.0% | -2.7% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7959395/chinas-return-drives-down-fertiliser-pricing/

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