April 2024 US (Gulf) DAP Spot Price Updates and Analysis

In April 2024, the US DAP Spot Price (Gulf) reported a notable decrease to US $545 per ton, marking an 11.7% decline from March 2024’s US $617.5 per ton. This figure also reflects a substantial 14.4% drop compared to April 2023, where prices stood at US $637 per ton.

The April 2024 US DAP Spot Price (Gulf) highlights the dynamic nature of the fertilizer market, showcasing significant fluctuations both month-on-month and year-on-year. This trend underscores the complex interplay of factors influencing market dynamics and pricing strategies within the industry.