Views: 23 Author: Site Editor Publish Time: 2022-04-07 Origin: Site
East of Suez prices rise
Prices rose east of Suez, firming up in China from the latest trade, and rising accordingly in South Asian markets. Chinese DAP prices rose by $85/ton to $1,070-1,110/ton FOB.
Indian market players are eagerly awaiting the announcement of annual fertilizer subsidies for 2022-23. Market participants are once again turning their attention to India as the new quarter approaches, with most expecting further gains in international prices. Russia may sell DAP to India again, at a continuation of previous quotations. Meanwhile, offers from neighboring Pakistan exceeded $1,150/t cfr, and small-volume offers from China reached over $1,200/t cfr. Market prices west of Suez were flat, with Brazilian MAP offers around $1,300/t cfr. DAP from China and Russia is sold to Central America. DAP offers in Europe remain at around $1,250-1,300/t fca Ghent.
International market demand still exists
As the demand in the Latin American market is still there, India has a large demand for the kharif season, Bangladesh is about to announce the tender next month, and the international market demand is about to be released.
