Views: 25 Author: Site Editor Publish Time: 2020-10-20 Origin: Site
Due to the decline in market activity, the main trading markets have been operating stably this week.
Morocco exported 22,000 tons of MAP to Brazil at a medium/high price of US$360/ton CFR, and Saudi Arabia’s Ma’aden also sold 50,000 tons of MAP to Brazil for shipment in November.
Due to insufficient demand and limited supply, the price of DAP/MAP in Argentina is around US$380/ton CFR.
Mexican Fertinal will end the tender for the sale of 20,000 tons of MAP and 10,000 tons of DAP for shipment in December this week.
In the area east of Suez, India has no new orders to follow up, and the low-end price of DAP is $370/ton CFR.
Pakistan has no new trade orders, and the price of DAP is in the range of US$370-375/ton CFR.
The future price trend will depend on Ethiopia’s NPS’s annual bid for OCP and the US’s further ruling on possible countervailing duties next month.
