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As the final week of December **** ended, the US Di ammonium phosphate (DAP) market remained steady as buyers and sellers continued to figure out what was left of demand uncertainty versus new developments on the supply end. After experiencing a lackluster fall application season, the overall sentiment about DAP was still rescinded.
Most DAP buyers were turning their attention to what would happen during the upcoming spring planting season. Even though many indicators have improved regarding the cost of DAP, there still appears to be a split opinion between growers and the trade regarding how much demand for DAP would actually come to pass early in **** after having seen so many buy-throughs during the last several months. Continuing to be impacted by changes in trade policy, limited supply globally, and mixed domestic demand for phosphate, the DAP market remains delicately balanced...
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