As of mid-September 2025, the global Di Ammonium Phosphate (DAP) market exhibited softer momentum, as Asian demand slowed and sufficient inventories were held in all major regions. China had limited exports due to government approval, although port congestion was minimal because of low export activity. International offtake to India and Bangladesh continued to be limited. In India, CFJ JNPT was cautiously carried out by a majority of distributors with steady imports from China, Russia and Saudi Arabia. Likewise in Pakistan, distributors continued their cautious pace. Japan and Indonesia continued to have minimal CFR DAP movement as demand continued to improperly diminish and port delays persisted. In Brazil, supply from Morocco, the USA, and Saudi Arabia was steady, while European conditions varied with the Hamburg market supported by Russian inflows, the Mediterranean became under pressure on decreased Moroccan export to its key buyers. The USA continued to have few restrictions on export capacity while Saudi Arabia showed resilience with its shipments to South Asia. Overall, the DAP market remained in equilibrium with steady supply and softening demand.
