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DAP

DAP · Fertilizers · CME · Quoted in USD/t
618.00 USD/t
+1.530 (+0.25%) today
· CI Indication

Origin markets

Origin spread 36.00 USD/t

Benchmark: DAP, FOB US Gulf / Tampa. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive

OriginBasisPricevs benchmarkMarket note
🇺🇸
FOB US Gulf / Tampa
USA · Western reference
FOB618.00BenchmarkTampa/NOLA — the Western-hemisphere reference
🇧🇷
Brazil (CFR)
Brazil · top importer
CFR640.00
+22.00 (+3.6%)stable
Delivered into the world's biggest import market
🇲🇦
Morocco (OCP)
Morocco · integrated
FOB624.00
+6.000 (+1%)stable
Integrated phosphate-to-DAP producer
🇸🇦
Saudi (Ma'aden)
Saudi Arabia · low-cost integrated
FOB614.00
-4.000 (-0.6%)stable
Low-cost integrated Gulf supply
🇷🇺
Russia (FOB)
Russia · discounted
FOB604.00
-14.00 (-2.3%)stable
Payment/freight friction discount
🇨🇳
China (FOB)
China · export-quota bound
FOB608.00
-10.00 (-1.6%)widening
Export curbs to protect domestic supply

Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.

Track physical flows on the live vessel map →
Open
616.47
Day High
620.55
Day Low
612.13
Prev Close
616.47
1W
-0.93%
1M
-2.56%
1Y
-4.87%
5Y
+1.99%
Exchange
CME

6-month range

Annualised volatility 9%
Low 446.35Now 618.00 · 50%High 792.70

Forward curve

Indicative term structure · Backwardation

Spot
618.00
USD/t
3M
613.11
-0.79%
6M
612.83
-0.84%
12M
611.39
-1.07%
18M
604.34
-2.21%
24M
606.10
-1.93%

In other units

Converted from 618.00 USD/t · indicative FX

USD/kg
0.618
USD/lb
0.280
EUR/t
568.56
CNY/t
4,480.50

About DAP

DAP is traded in the fertilizers segment, with price discovery referenced against CME. The chart above shows the trailing indicative price path. Physical parcels of DAP can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.

FertilizersCMEUSD/t+0.25% today