The United States fertilizer market has come under renewed pressure due to further weakening of Diammonium Phosphate (DAP)sentiment during the middle of January **** and thus has continued to exhibit strong bearish characteristics through all winter trade. The DAP market continues to be pressured by very weak buyer interest, a very high degree of caution with respect to restoration of inventories, and increasingly long cycles of inventory buildup as evidenced by poor negotiations. The entire phosphate complex continues to be extremely weak and will be unable to regain momentum due in large part to changes in agronomic practices and the changing position of preferred blends. In the Midwest, DAP distributors have experienced a pronounced decline in the number of inquiries to purchase DAP and enter formal contracts, and therefore, will continue to have a very weak outlook concerning DAP in the near term.
罢丑别听DAP聽DEL Illinois price as of...
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