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As of mid-September 2025, the global DAP market softened as Asian demand slowed and major regions held sufficient inventories. China's exports were limited by government approval, and offtake to India and Bangladesh stayed restricted.
Supply from Morocco, the USA and Saudi Arabia was steady in Brazil, while the Mediterranean came under pressure from lower Moroccan exports.
Ample inventories and weaker Asian demand point to continued downward pressure on DAP prices for buyers in the near term. Limited Chinese export approvals are the main factor that could tighten supply and reverse the softness.
chemanalyst.comGabreilla FigueroaSep 26, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Softer global DAP demand from Asia, restricted offtake by India and Bangladesh, and ample inventories in major regions point to weaker demand and plausibly drove the price decline in late September.
Reports of softening global DAP demand from Asia, restricted offtake by India and Bangladesh and ample inventories point to weaker demand and price pressure, consistent with the drop; it is dated the same day as the move.
It describes softer global DAP markets from slowing Asian demand, sufficient inventories and steady supply to Brazil, which is bearish and consistent with the drop, though it is dated a day after the move.
