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International DAP prices came under pressure in mid-November 2025, with China's FOB Qingdao price falling for another week. Weak export demand, slow tendering and uncertainty over subsidies weighed on the market, while India's aggressive tender buying pulled regional benchmarks lower.
Analysts expect continued pressure into year-end.
Weak Chinese export availability and cautious buying from importers point to lower phosphate fertilizer costs for feed and crop producers through year-end.
chemanalyst.comLi HuaNov 21, 2025After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% over 20.
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.
