DAP Price to Keep Weak with Oversupply

By CnAgri2013-09-17 11:17:22 Print DAP: domestic DAP market remained gloomy this week and price kept declining. Driven by autumn fertilizer reserves and winter reserves in NE and NW, operating rate of enterprises saw recovery.  As for export, export price of DAP continued declining. Subsidy reduction of India phosphate fertilizer and Rupee depreciation suppressed DAP export. Therefore, total export quantities are predicted to be fewer than last year. Fundamentally, DAP market will remain oversupply and its trend is not well expected. (Figure 3)



From “China Fertilizer Market Weekly Report”