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China's ban on fertilizer exports has halted processed phosphate exports, even for cargoes already cleared. Chinese DAP export prices are nominal, and exports may stay restricted into 2024.
Potash markets are quiet with further declines expected in Brazil, while ammonia buyers expect lower prices.
With China out of the market, phosphate supply rests on Morocco and Saudi Arabia, pushing DAP and MAP prices higher for importers such as Brazil and Australia, while potash and ammonia remain softer.
czapp.comStein Chingen Haugan2023年11月20日在过去 151 次看涨的政策事件之后，DAP 在 5 个交易日内中位数变动 +0.0%（50% 上涨；中间一半区间为 -0.6% 至 +0.9%），20 个交易日内为 +1.9%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
