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Several Nitrogen producers shut their plant operations under extreme cold which eventually led to the shortage of feedstock Ammonia. Under these conditions prices of DAP skyrocketed across the region and reached USD 576.7/MT till March.
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Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Diammonium Phosphate (DAP) Market For the Quarter Ending March 2021 North America DAP remained resilient from Q4 2020 across the region and globally during Q1 2021, hence the price acceleration continued, further affected by winter storm hit US gulf. This price acceleration was due to the shortage of upstream materials, like Nitrogen. Get more info: https://www.chemanalyst.com/Pricing- data/diammonium-phosphate-dap-1179
Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Several Nitrogen producers shut their plant operations under extreme cold which eventually led to the shortage of feedstock Ammonia. Under these conditions prices of DAP skyrocketed across the region and reached USD 576.7/MT till March. This price hike was also supported by high local demand which eventually led to increased dependency for imports from Europe. Asia The Asian region saw moderate to low domestic demand for DAP, but high export demand from the US and Europe. Domestic demand for DAP in China remained moderate, but export demand was higher than anticipated, owing to a shortage of local material caused by lower availability of upstream natural gas, which effectively forced prices to rise in the region. Meanwhile in the Indian DAP market, domestic demand from the agriculture sector was low, hence the producers increased their exports to satisfy high demand coming from the US and Europe. Despite of stable demand from the Indian markets, retail prices of DAP showed a sudden increment of more than 50% during the quarter, buoyed by the global upsurge in rates. Europe Europe witnessed high demand for DAP from the agriculture sector due to the arrival of spring season. As the demand from domestic and international market was high, manufacturers were looking forward to increasing the prices of DAP in the coming months. Shortage of DAP in the US also forced European manufacturers to enhance their export volumes to enhance their margins and high premium on prices.
Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Diammonium Phosphate (DAP) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Diammonium Phosphate (DAP) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Diammonium Phosphate (DAP) market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis. Finally, region-specific markets for Diammonium Phosphate (DAP) are analyzed and region-wise demand pattern is tracked.
Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Diammonium Phosphate (DAP) is a water-soluble phosphate compound having IUPAC name Diammonium hydrogen phosphate and chemical formula (NH2) HPO4. It is produced by the reaction of Ammonia with Phosphoric Acid at around 100°C. After this reaction, liquid product or slurry is cooled, converted into granules, and then sieved to get the required product. DAP is one of the largely used phosphate fertilisers globally. It is always advised to not to use DAP with alkali chemicals, because of the tendency of ammonium ion to convert into Ammonia at a higher pH. DAP is widely used as a fire retardant to combat with forest fire, it is a viable part of commercial firefighting products. In addition, there are many other uses of DAP like it is used as a yeast nutrient in alcoholic beverages, in some cigarettes to enhance nicotine, as a soldering flux etc. Product Specific Details CAS No.: 7783-28-0; HS Code: 31053000; Grades: Fertilizer Grade, Technical Grade; bags; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Packaging Size: 25 kg Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa
Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Diammonium Phosphate (DAP) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
