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Chinese domestic DAP ex-factory prices rose from 2,395 yuan/ton in December 2020 to 3,050 yuan/ton in March 2021 and stayed high in April. The wholesale DAP index fell about 1.9% from end-March to end-April as spring demand waned and producers shifted toward exports.
Firm ex-factory prices and producer focus on exports keep global DAP supply tight, though softening wholesale prices hint at easing domestic demand.
en.cnagri.comMay 6, 2021Not 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.
