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China will keep its phosphate rock export quota system suspended through 2027, according to a Ministry of Commerce notice reported by Global Times. Regulators keep the legal authority to reinstate quotas later.
Free flow of phosphate rock from China eases feedstock supply for downstream phosphate salts and DAP, which is mildly bearish for phosphate prices, though the risk of reinstated quotas remains.
diamondinterchem.comNov 3, 2026After 49 past bearish policy events, DAP moved a median +0.9% over 5 sessions (63% higher; middle half 0.0% to +1.7%), and +0.9% 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.
