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Market participants expect China to keep its export restrictions on sulfuric acid and phosphate fertilizers in the near term. Officials are prioritizing lower domestic sulfur feedstock costs and adequate fertilizer supply before the spring application season.
Traders said phosphate exports could later be managed through a quota system, but no arrangement has been announced.
Continued Chinese export curbs keep a major source of phosphate and sulfuric acid off world markets, which supports DAP prices and tightens supply for buyers already facing Hormuz-related shortages.
chemweek.comNov 4, 2026
p.chemweek.comNov 4, 2026After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
