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In mid-November ****, the global Diammonium Phosphate (DAP) market is facing considerable downward pressure, and new price declines on DAP are occurring across all major areas of DAP production and consumption marked by weak demand, slow tendering, and changing circumstances around subsidies. From weak export ability out of China to aggressive price setting out of India, DAP trading globally still features cautious buying, an oversupply, and widespread expectations for further weakening.
Chinese DAP FOB Qingdao price fell by -** for another week during the second week of November **** to ***.** MT. While exporters have lowered their offers there still are no buyers willing to pay but still be lower than Indian netbacks, although East exports in volume are down, China export influence is unchanged. Just last month it was reportedly that India**;s Coromandel traded approximately ***,*** tonnes of Chinese DAP for delivery end...
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