The Impact of Global Markets on Diammonium Phosphate (DAP) Price Trends
Throughout H1 2023, Asian Diammonium Phosphate (DAP) Prices experienced fluctuating trends driven by steady downstream demands, maintaining a narrow range initially. However, by mid-Q2, declining offtakes led to a southward shift in momentum. In Europe, reduced freight and crude oil prices lowered upstream costs, contributing to decreased DAP prices. North America reflected global trends, with oversupply and weak demands causing bearish market sentiments.
Definition
Diammonium Phosphate (DAP) is a widely used fertilizer containing both nitrogen and phosphorus. It’s a granular substance formed by reacting ammonia with phosphoric acid. DAP provides essential nutrients for plant growth, promoting healthy root development, flower formation, and fruit production. It’s applied to various crops to enhance soil fertility and increase agricultural yields.
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Key Details About the DAP (Diammonium Phosphate) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the DAP (Diammonium Phosphate) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The DAP (Diammonium Phosphate) Price chart, including India DAP (Diammonium Phosphate) price, USA DAP (Diammonium Phosphate) price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the DAP (Diammonium Phosphate) Price Trend:
Diammonium Phosphate (DAP) serves as a vital component in agriculture and beyond. Primarily used as a fertilizer, DAP provides essential nitrogen and phosphorus nutrients to promote robust plant growth and increased yields. Additionally, it finds application in various industries, including food production, fire extinguishing agents, and water treatment, owing to its versatile chemical properties.
Key Players:
- Sichuan Blue Sword Chemical (Group)Co., Ltd.
- Jordan Phosphate Mines Co.PLC
- Coromandel International Limited
- Ava Chemicals
- Ballance Agri-Nutrients Ltd.
- China Blue Chemicals Ltd.
- Saudi Arabian Mining Company (“MA’ADEN”)
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