Views: 19 Author: Site Editor Publish Time: 2021-12-21 Origin: Site
Quiet market performance
There is a lack of new market transactions to the east and west of Suez this week, and global importers have performed quietly, and prices are temporarily stable. No new transactions occurred in the main markets Brazil and India. The Indian importer RCF is still negotiating the recent DAP/MAP procurement tender. Pupuk did not have a clear offer in the tender for the purchase of 255,000 tons of DAP in Indonesia. Egypt will conduct a tender for the sale of up to 25,000 tons of DAP next week.
Continued shortage of international supply
Due to factors such as insufficient seasonal demand and high price levels, market trading will be quiet in the short term. Rising raw material prices and insufficient supply in India still indicate that international prices will rise further in early 2022. The timing of the reopening of Chinese exports will determine the price trend next year.
