
Business Standard reports that India's DAP imports from China fell to about 97,000 tonnes in July 2025, per a minister's reply in Parliament. The decline followed China's 2021 inspection requirements, and the minister said APS could partly substitute for DAP.
Lower Chinese DAP imports reduce supply to India and tighten the market, supporting phosphate prices, with APS offering only a partial substitute.
과거 상승 무역 이벤트 193건 이후, DAP은 5거래일 동안 중앙값 +0.4% 변동(상승 54%; 중간 50% 범위 -0.3%~+1.8%), 20거래일 동안 +1.9%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
This report of the same July import collapse, with the minister saying APS can only partly substitute for DAP, reinforces the view that Indian import demand will stay strong and supply short.
Same data on India's sharply lower Chinese DAP imports signals tighter trade flows supporting prices.