Diammonium Phosphate (DAP) Price Trends: A Comprehensive Analysis
Diammonium Phosphate ((NH4)2HPO4) or DAP is a chemical compound that is primarily used as a fertilizer in the agricultural sector. It comprises chemicals such as nitrogen, phosphorous, and hydrogen as its base elements. The compound is rich in nutrients that are essential for plant varieties. It quickly dissolves in the soil and provides the crop […]
Understanding the Factors Influencing 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 […]