Views: 14 Author: Site Editor Publish Time: 2024-01-11 Origin: Site
Saudi Arabia exports diammonium to the east
Saudi Arabia's Ma'aden utilizes its geographical location in the eastern Red Sea and China's current absence from the international market to sell diammonium phosphate to Suez Winter Storage.
India and Pakistan respectively purchased DAP from Yemen, and the landed price remained stable. Further south, there is strong demand for phosphate in Australia, with sales of 10-50 monoammonium phosphate in Saudi Arabia and Morocco also showing signs this week.
Ma'aden also reported DAP shipments to East Africa, Thailand, and Bangladesh in January.
China's DAP prices remain nominally stable, and future export regulations are not yet clear.
To the west of the Suez Canal, there is little purchasing interest in Europe and prices are temporarily stable. In Brazil, MAP prices remain at $560/ton/cfr, but the market is quiet.
The DAP/MAP prices in Argentina/Uruguay have risen to $580-590 per ton/cfr, while in the United States, they have stabilized due to rising barge prices.
Expected market stability
The seasonal demand in the Asia Pacific region, coupled with the need to establish inventory in South Asia and the absence of China, will support prices throughout the first quarter. Brazil may temporarily return to the spot market, but due to high existing inventory, importers are not performing actively, which will keep MAP prices stable.
