North America Diammonium Phosphate (DAP) Prices Movement Q3:

Diammonium Phosphate (DAP) Prices in United States:

In the United States, diammonium phosphate (DAP) prices for Q3 2024 peaked at 540 USD/MT in September. The variations in diammonium phosphate (DAP) prices in the U.S. are driven by a complex interplay of factors. Limited availability of ammonia feedstock, a key input for DAP production, has tightened supply, fueling price volatility. Additionally, reduced agricultural demand, influenced by stable but declining crop prices and inflationary pressures, has softened market activity. The uncertainty surrounding crop prices further dampens purchasing confidence among agricultural stakeholders, intensifying the sluggish market conditions. Together, these factors contribute to a challenging environment for the DAP market, creating a negative outlook and hindering any substantial price recovery or growth in the near future.

APAC Diammonium Phosphate (DAP) Prices Movement Q3:

Diammonium Phosphate (DAP) Prices in Japan:

In Japan, the diammonium phosphate (DAP) price trend for Q3 2024 settled at 675 USD/MT in September. Diammonium phosphate (DAP) prices surged in Q3 2024, driven by a seasonal increase in demand as farmers prepared for the pre-planting season, aiming to secure fertilizers ahead of cultivation. This heightened demand was met with significant supply shortages, amplifying price pressures. Rising feedstock costs, particularly for phosphoric acid and ammonia, further constrained production economics, contributing to the upward trend. Global geopolitical tensions disrupted supply chains, adding to market volatility and exacerbating price fluctuations. Seasonal logistical challenges compounded these issues, creating a complex market environment that culminated in notable price hikes for DAP during the quarter.

Europe Diammonium Phosphate (DAP) Price Movement:

In Germany, diammonium phosphate (DAP) prices for Q3 2024 climbed to 645 USD/MT in September. The region witnessed significant price increases, fueled by high manufacturing costs and strong agricultural demand, which kept the market under sustained pressure. Tight supply conditions further propelled prices upward, as limited availability created scarcity. However, by the end of the quarter, improved supply dynamics began to alleviate some of the pricing strain, fostering a more balanced market outlook. Additionally, inventory buildup, as supply outpaced demand, helped moderate the earlier price surges. These combined factors shaped a market environment characterized by initial challenges and gradual stabilization, offering a cautiously positive outlook for the near term.

MEA Diammonium Phosphate (DAP) Prices Movement Q3:

Saudi Arabia Diammonium Phosphate (DAP) Price Movement:

In Saudi Arabia, the diammonium phosphate (DAP) price trend for Q3 2024 settled at 630 USD/MT in September. In Q3 2024, the region's diammonium phosphate (DAP) market experienced notable price increases, driven by surging agricultural demand and interruptions in supply imports. Rising feedstock costs, especially for phosphoric acid and ammonia, further propelled prices upward throughout the quarter. Geopolitical tensions added an additional layer of uncertainty, amplifying the challenges faced by the market. Despite these disruptions, the imbalance between demand and supply, along with elevated production costs, maintained the upward trajectory of DAP prices. These combined factors highlighted robust market conditions, even as global uncertainties continued to shape pricing trends.

Latin America Diammonium Phosphate (DAP) Prices Movement Q3:

Brazil Diammonium Phosphate (DAP) Price Movement:

In Brazil, diammonium phosphate (DAP) prices hit 560 USD/MT in September for Q3 2024. In Q3 2024, the region’s market witnessed a steady decline in prices, primarily due to global supply surpluses surpassing demand. While agricultural demand remained stable, it was insufficient to offset the oversupply in the market. Fluctuating foreign exchange rates introduced additional uncertainty, further weakening market dynamics. Seasonal variations, influenced by planting and harvesting cycles, also contributed to the reduced demand. These factors collectively shaped a challenging market environment, marked by a persistent downward price trend throughout the quarter, highlighting the market’s struggle to achieve balance and stability.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Diammonium Phosphate (DAP) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Diammonium Phosphate (DAP) price trend, offering key insights into global Diammonium Phosphate (DAP) market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Diammonium Phosphate (DAP) demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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