# China shutdowns offer 'green shoots' for urea prices :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Incitec Pivot said fertiliser prices may stay depressed into 2017 after urea and DAP hit 10- and 12-year lows this year. The company pointed to improved Australian rainfall supporting demand, and reported signs of Chinese phosphate producers cutting output.

- Date: 2016-11-11 · published 2016-11-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74142-china-shutdowns-offer-green-shoots-for-urea-prices-content-tap-oan-hoa-chat
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Chinese output cuts and better Australian demand could lift urea and DAP prices from cyclical lows, though the company expects weak prices to persist short term. Lower fertiliser costs remain supportive for farm margins in the near term.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/china-shutdowns-offer-green-shoots-for-urea-prices.html

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