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China's DAP operating under pressure

Views:7     Author:Site Editor     Publish Time: 2021-03-23      Origin:Site

The price of DAP fell to US$550-555/ton FOB, which was a drop from US$570/ton FOB two weeks ago. The suspension of purchases in Southeast Asia, rising freight rates, and increased supplies are the reasons for the decline. A trading company sold 16,000 tons to Central America at an FOB US$550/ton.

Three companies won total 220,000 tons in Pupuk's DAP tender. This week, India has no trade, only phosphate rock bidding.

In the west of Suez, Argentina purchased two ships at a price around US$630-635/ton CFR. The price in Brazil is in the range of US$625-630/ton CFR, but OCP is pushing up prices. Mexico purchases at a price US$600-605/ton CFR.

DAP’price in China will fall to meet the Indian market. However, under the  demand from Bangladesh and Pakistan, the decline was limited.

 


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