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Global average diammonium phosphate (DAP) prices rose about 53% from January to September 2021, reaching $644 per ton according to World Bank data. High freight rates and energy costs drove the increase.
Several Chinese producers announced plans to curb exports, which could push prices higher.
China supplies roughly 34% of global DAP exports, so reduced Chinese shipments tighten supply for importers such as India and Pakistan and support further price gains for phosphate fertilizer, raising feed-grain production costs.
indexbox.ioOct 22, 2021After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
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.
Reports of Chinese export curbs and high freight and energy costs point to tighter global DAP supply, which supports further price gains.
