# Di Ammonium Phosphate Fertilizer Prices Keep Dropping in a Narrow Range, Keeping the Market Flat

> Di-ammonium phosphate (DAP) prices fell east and west of the Suez Canal this week as demand stayed weak. India placed no import orders, and China's offshore price slipped to $610-615/t FOB. Brazilian prices eased to $645-655/t CFR, and Mosaic sold 6,000 t at $635/t FOB, down from $650.

- Date: 2023-03-21 · published 2023-03-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37191-di-ammonium-phosphate-fertilizer-prices-keep-dropping-in-a-narrow-range-keeping
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak Indian buying and soft downstream demand keep phosphate prices pressured. Buyers of DAP-based feed phosphate can expect little near-term upside, though springtime demand in the US and Europe could offer some support.

## Read by commodity

- DAP: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2023-03-30 | 1 | -5.7% | -6.3 | Weak demand, no Indian import orders and falling China, Brazil and Mosaic DAP prices in the week of 2023-03-21 show the bearish price pressure that preceded the drop, though the event is nine days before the move. |

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/di-ammonium-phosphate-fertilizer-prices-keep-dropping-in-a-narrow-range-16775

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