Views:14 Author:Site Editor Publish Time: 2021-04-01 Origin:Site
Players are paying attention to Indian news. India will buy DAP/MAP in the next few weeks.
The players are waiting for fiscal year subsidy for DAP in India, to calculate the importers' willingness. It is reported that UAE offer is US$540/ton CFR,however no transaction. Pakistani importers are waiting for purchasing to increase their inventory. At the same time, China's prices remained stable, no orders followed up this week.
Before India’s purchasing, DAP in China may fall. This will put pressure on the global DAP. But as long as the market is activated, demand in India, Pakistan and Bangladesh will support prices.