Views:7 Author:Site Editor Publish Time: 2021-10-09 Origin:Site
India's DAP transactions increase
There have been several new DAP transactions in India, which were the same as last week's price. However, as the market awaits economic clarification from importers, overall activity in the subcontinent remains relatively calm. Several new shipments appeared in the United States, including those from Australia, while the MAP business in Brazil stagnated. The Russian DAP/MAP is traded for Argentina. Some European suppliers withdrew their offers to measure the new price level.
China's export supply of DAP will be impacted by a series of recent policies and directives in the fourth quarter, while India still needs a large amount of DAP to meet the demand in the rabi season. But the importer is unwilling to accept delivery time beyond October. The demand for MAP in Argentina still exists, but the price of MAP in Brazil has remained stable for another week.