US (Gulf) DAP Spot Price: May 2024 Updates and Analysis

In May 2024, the US DAP Spot Price (Gulf) saw a notable decrease to US $522 per ton, marking a 4.2% decline from April 2024’s price of US $545 per ton. Compared to May 2023’s price of US $510 per ton, this figure represents a 2.35% increase.

The May 2024 US DAP Spot Price (Gulf) underscores the dynamic nature of the fertilizer market, characterized by significant month-on-month and year-on-year fluctuations. These trends highlight the intricate interplay of factors influencing market dynamics and pricing strategies within the industry.