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Chinese DAP prices fell about 4.5% to USD 530/MT FOB Qingdao in the week ending April 26, 2024, after Beijing loosened its export restrictions in April. The release of supply pushed offers lower in recent tenders, while a 10-day export approval process slowed the decline somewhat.
Extra Chinese DAP supply in a market already seen as oversupplied pressures global phosphate prices lower, which eases input costs for feed and grain producers buying phosphate.
chemanalyst.comPatricia Jose PerezMay 3, 2024After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
