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DAP Prices for the Week Ending September 1

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DAP prices

DAP (diammonium phosphate) prices remained muted in recent months and last week wasn’t an exception. Falling phosphate prices remain a weak spot for producers (MXI)—PotashCorp (POT), Mosaic (MOS), Israel Chemicals (ICL), and Agrium (AGU). Let’s look at how prices trended in the week ending September 1, 2017.

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Weekly price momentum

Last week, overall DAP prices were broadly flat to negative week-over-week at the above four locations. Last week, DAP prices at NOLA (New Orleans) fell by as much as 31 basis points week-over-week to $290 per metric ton from $291 per metric ton a week ago. The prices at this location were 1% lower YoY (year-over-year) from $293 per metric ton.

On the other hand, DAP prices at Central Florida remained flat week-over-week to $299 per metric ton. Prices at this location have also remained flat compared to the levels in the same week last year. Prices at Tampa Bay moved sideways week-over-week to $336 per metric ton, while the prices at this location fell 1% YoY from $339 per metric ton.

Moving outside North America, DAP prices in Morocco fell by 57 basis points week-over-week to $247 per metric ton from $349 per metric ton. Morocco has the largest phosphate rock reserve. The prices at Morocco were also flat YoY.

In the next part, we’ll discuss monoammonium phosphate prices.

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