China halted export clearance of diammonium phosphate from December 1, 2024 because feedstock costs rose, with exports expected to resume only in April 2025. Separately, a planned 25% US tariff on imports, including a 10% rate on Chinese goods, is slated for January 25, 2025, and could raise DAP prices for US farmers.
Loss of Chinese DAP supply through spring and possible tariff-driven import disruption tighten global phosphate availability, supporting higher phosphate prices.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not 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.