# Waypoint

> Chinese phosphate export halt reportedly set for December 1, 2024, with traders buying DAP for the Ethiopian tender. MAP prices rose to USD 840-870/MT FOB China on winter restocking and constrained export supply. Rising sulphur costs are pushing up Chinese production costs.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/12045-waypoint
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A Chinese export halt would remove a major phosphate supply source and support global DAP and MAP prices. Higher sulphur costs add upward pressure on production costs.

## Read by commodity

- DAP: bullish ▲
- DDGS: neutral
- UREA: neutral
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-01-12 | [Urea looks poised for increases, while Potash prices are falling.](https://feedsoft.ai/events/11089-urea-looks-poised-for-increases-while-potash-prices-are-falling.md) | +0.2% | +12.8% |
| UREA | 2021-05-06 | [Will fertiliser prices fall in the middle of this month?](https://feedsoft.ai/events/7726-will-fertiliser-prices-fall-in-the-middle-of-this-month.md) | +4.1% | +17.6% |
| UREA | 2020-06-24 | [Urea: Indian tender offers set to test Chinese export interest](https://feedsoft.ai/events/52915-urea-indian-tender-offers-set-to-test-chinese-export-interest.md) | +2.5% | +6.6% |
| UREA | 2022-10-21 | [Fertilizer markets and the Rand generally stable this week.](https://feedsoft.ai/events/39463-fertilizer-markets-and-the-rand-generally-stable-this-week.md) | -2.5% | -13.0% |
| UREA | 2023-08-06 | [International Urea Prices See Flashes Of Bearishness \| CZ app](https://feedsoft.ai/events/34500-international-urea-prices-see-flashes-of-bearishness-cz-app.md) | -4.4% | -10.6% |
| DAP | 2022-03-02 | [Waive fertilizer dumping duties, corn farmers ask](https://feedsoft.ai/events/42257-waive-fertilizer-dumping-duties-corn-farmers-ask.md) | +9.5% | +11.8% |
| DAP | 2026-04-02 | [U.S. traders export phosphate as Iran war boosts prices](https://feedsoft.ai/events/9773-u-s-traders-export-phosphate-as-iran-war-boosts-prices.md) | +4.0% | +4.3% |
| DAP | 2021-08-09 | [Fert markets watching potential China export slowdown \| Farm Online \| ACT](https://feedsoft.ai/events/45870-fert-markets-watching-potential-china-export-slowdown-farm-online-act.md) | 0.0% | +5.6% |

## Sources

- waypointcommodities.com: https://www.waypointcommodities.com/news/chinas-fertiliser-market-update
- waypointcommodities.com: https://www.waypointcommodities.com/news/phosphate-market-update

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