The holiday suppressed price fluctuations in some main markets this week. After the Spring Festival holiday, China FOB price of DAP rose to US$515-520/ton, and the market outlook is still expected to rise. In India, the CFR price of DAP from Saudi Arabia is medium/high-$440/ton. East African importe
US phosphates led the rise again in this week,which pushing phosphate prices up. The median FOB price of Nola DAP rose by US$85/short ton to US$550/short ton. The current CFR price in the U.S. Gulf is about $600/ton,this is the highest level since 2012.