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The Argus market report says the global DAP market is at a turning point. Chinese producers still hold unsold September cargoes, and Indian buyers show little interest at current offers.
Pakistani buyers are expected to return after Eid al-Adha, and the outcome of an NFL tender in India will also shape Q4 pricing.
Export availability from China and restocking demand from India and Pakistan will determine whether DAP prices hold or rise in Q4, which directly affects the cost of phosphate in feed and crop inputs.
argusmedia.comAug 27, 2018After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
