# Decline in Chinese DAP Prices During April 2024 After Loosening Export Sanction

> 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.

- Date: 2024-05-03 · published 2024-05-03T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/30605-decline-in-chinese-dap-prices-during-april-2024-after-loosening-export-sanction
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-03-04 | [China Announces 7 Million Tonne MAP, DAP Export Quota \| CZ app](https://feedsoft.ai/events/4296-china-announces-7-million-tonne-map-dap-export-quota-cz-app.md) | +10.0% | -1.3% |
| DAP | 2022-05-18 | [Global fertiliser rates soften after India’s cap on prices](https://feedsoft.ai/events/41715-global-fertiliser-rates-soften-after-india-s-cap-on-prices.md) | 0.0% | -11.0% |
| DAP | 2023-11-27 | [China Agrees Fertiliser Export Quota to 2025 \| CZ app](https://feedsoft.ai/events/4326-china-agrees-fertiliser-export-quota-to-2025-cz-app.md) | +0.9% | +3.9% |
| DAP | 2023-01-13 | [India will decide the global price of DAP in 2024, Mandaviya](https://feedsoft.ai/events/38104-india-will-decide-the-global-price-of-dap-in-2024-mandaviya.md) | +1.3% | -0.6% |
| DAP | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +0.9% | +1.3% |

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/decline-in-chinese-dap-prices-during-april-2024-after-loosening-export-sanction-27660

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