US Diammonium Phosphate (DAP) market sentiment in February **** gradually shifted as the ongoing geopolitical tensions in the Middle East, particularly the Iran–Israel conflict, introduced a layer of uncertainty across global fertilizer supply chains. Early in the month, DAP prices in the United States moved under relatively balanced market conditions; however, as the conflict escalated and energy market volatility increased, global DAP trade sentiment turned cautious. Although the US market did not immediately experience direct supply disruptions, the strategic importance of DAP in global agriculture meant that traders and distributors began monitoring the situation closely, particularly for potential disruptions to sulfur supply and maritime trade routes.
Agricultural demand for DAP remained subdued throughout February, which amplified the bearish pressure already present in the market. Dealers reported weak purchasing activity across corn, soybean, and wheat fertilizer programs, while interest in high-analysis blends remained...
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