DAP Overview
Diammonium phosphate (DAP 21-53-00) (NH4)2HPO4 is a colorless crystal or white powder widely used in agriculture, medicine, fire prevention, and other industries, primarily as a highly efficient fertilizer.
Production Methods
Slurry Process: Wet-process phosphoric acid is neutralized with ammonia, then concentrated and dried, suitable for medium-grade phosphate rock.
Traditional Process: Concentrated wet-process phosphoric acid is directly neutralized with ammonia, then dried, suitable for high-grade phosphate rock, producing high-purity products.
Industry Chain
Upstream: Phosphate rock, sulfur, sulfuric acid, synthetic ammonia.Downstream: Fertilizer, feed additives, pharmaceuticals, fire retardants, etc.
China's DAP Market Overview in 2024
The market remained stable, with exports being the primary driver and minimal price fluctuations.
Price Trends
64% Granular: Highest at 3,871.67, lowest at 3,770.00, fluctuation of 2.7%.
60% Brown: Highest at 3,550.00, lowest at 3,450.00, fluctuation of 2.9%.
57% Granular: Highest at 3,567.50, lowest at 3,362.50, fluctuation of 6.1%.
Market Phases
1. Jan-May: Low demand, stable prices, export orders supported the market.
2. May-Aug: Demand weakened, inventories increased, leading to slight price declines.
3. Aug-Dec: Domestic buyers were cautious, exports provided price stability, but overall transactions remained slow.
Key Market Influences: Supply and demand, costs, and export policies.
China's DAP Production Analysis in 2024
Production Capacity: 24.12 million tons, up 0.75% YoY.
Production Volume: 14.18 million tons, up 1.75% YoY.
Operating Rate: Monthly average at 57.09%, fluctuating at high levels.
Post-Chinese New Year, strong export demand boosted production. Summer saw a decline in domestic orders, leading to lower operating rates. In autumn, demand rebounded, stabilizing supply and demand.
China's DAP Export Analysis in 2024
Export Volume: 4.4565 million tons, down 11.51% YoY.
Exports were slow in Jan-Feb due to restrictions but picked up in April with strong international demand.
Top Export Destinations:
Bangladesh: 683,667 tons
India: 678,676 tons
Vietnam: 588,522 tons
Overall, China's 2024 DAP market was export-driven, with stable prices and supply-demand dynamics influenced by global demand and policy changes.
Attention: The above information is for commercial reference only due to the diversity of information collected, and Kelewell is not responsible for the authenticity of the data.
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