# Diammonium Phosphate Market Summary for Q1 2024

> China's DAP market was stable in Q1 2024 with minor price fluctuations amid weak domestic demand. Output rose 13.99% year on year to 3.81 million tons, while DAP exports fell 68.83% in January-February to 115,400 tons and port inventories dropped 8.45%. Analysts expect a stable-to-soft market in Q2 given high supply and weak demand.

- Date: 2024-04-07 · published 2024-04-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/10356-diammonium-phosphate-market-summary-for-q1-2024
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

High domestic supply and weak agricultural demand point to soft Chinese DAP prices, which can weigh on world phosphate prices if export volumes recover.

## Read by commodity

- DAP: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/diammonium-phosphate-market-summary-for-q1-2024.html

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