Chinese phosphate producers reported falling profits in the third quarter as sulphur costs roughly doubled over the year, peaking at 11,600 yuan per tonne before easing to about 4,750 yuan. Demand weakened while domestic supply stayed ample, and phosphate exports remain tightly controlled.
Strict Chinese export controls on phosphates limit global DAP supply, supporting international phosphate prices and raising costs for feed-related phosphorus supply chains.
After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% 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.