
China's urea exports in May 2024 totaled 34,600 tons worth USD 15.36 million, with South Korea, Japan and Australia the top buyers. Export volumes were also reported for ammonium sulfate, MAP, DAP, TSP and NPK, with Brazil, India and Indonesia leading several of those markets.
Chinese export volumes of phosphates and nitrogen products shape global fertilizer supply, and feed grain producers face input costs tied to these flows. Small urea volumes suggest limited Chinese supply pressure, while sizable DAP exports point to continued phosphate availability.
After 23 past neutral trade events, UREA moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% over 20.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.