# Fertilizer DAP Market Turn Steady Amidst limited spot purchases and plummet downstream enterprises

> China's DAP market was relatively stable through February 2024 but thin, as government restrictions capped exports and customs clearance for DAP exports stayed suspended. Offers held at USD 560/MT FOB Qingdao amid the Lunar New Year slowdown and a lack of clarity on export quotas.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/4300-fertilizer-dap-market-turn-steady-amidst-limited-spot-purchases-and-plummet
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Suspended Chinese export clearance and uncertainty over quotas limit global DAP supply, which supports prices, but the stalled trade means no clear price direction yet.

## Read by commodity

- DAP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2026-02-12 | [Market data analysis & forecasts - Fertilizer market](https://feedsoft.ai/events/20936-market-data-analysis-and-forecasts-fertilizer-market.md) | -0.3% | +2.8% |
| DAP | 2024-10-25 | [Fertilizer market anticipates little impact from updated Russian export quotas](https://feedsoft.ai/events/27784-fertilizer-market-anticipates-little-impact-from-updated-russian-export-quotas.md) | +2.7% | +2.7% |
| DAP | 2023-04-18 | [Why stabilising the fertiliser market matters for Europe’s food industry](https://feedsoft.ai/events/36741-why-stabilising-the-fertiliser-market-matters-for-europe-s-food-industry.md) | 0.0% | -10.3% |
| DAP | 2026-09-01 | [The global nitrogen fertilizer market is gradually stabilizing](https://feedsoft.ai/events/5474-the-global-nitrogen-fertilizer-market-is-gradually-stabilizing.md) | +0.3% | +1.6% |
| DAP | 2025-10-06 | [TFI Chicago Conference: Insights into Fertilizer Markets](https://feedsoft.ai/events/22724-tfi-chicago-conference-insights-into-fertilizer-markets.md) | +1.8% | -3.0% |

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/fertilizer-dap-market-turn-steady-amidst-limited-spot-purchases-and-plummet-25581

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