The Diammonium Phosphate (DAP) price trend showcased a bullish movement in the Americas. DAP prices have risen globally due to tight supply and increased demand ahead of the planting season, further strained by China&#xx;s export restrictions on phosphates. Production rates remained stable, but limited feedstock availability and rising energy costs have kept prices firm. In North America, demand softened, while Brazil saw sustained price firmness due to tight supply from exporters. However, labor shortages and shipping delays impacted supply, particularly in Europe and Australia. Looking ahead to mid-Qx, a potential decline in feedstock Phosphoric Acid prices and easing energy costs could pressure DAP production costs, prompting market players to adjust prices to boost offtakes.
DAP production rates were stable in the producing countries amid moderate availability of feedstock Phosphoric Acid and weak supplies of Phosphate Rock. At the same time, the cost support remained...
