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China’s diammonium phosphate winter-stockpiling market has started slowly, with buyers cautious, few new transactions, and prices under pressure from low-priced supplies. Sulfur prices have fallen sharply amid weak demand and rising port inventories, weakening cost support for DAP; industry capacity utilization was 33.97% as of November 5, and annual output is forecast to fall about 18% year over year.
Slow winter-stockpiling demand and ample supplies are bearish for DAP prices. Lower sulfur costs also reduce production-cost support, although reduced operating rates could limit supply.
finance.sina.com.cnNov 11, 2026Not 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.
