International DAP and MAP prices continue to rise

Prices of DAP and MAP continued to rise this week.

To the east of Suez, the price of Indian DAP rose to US$322-324/ton CFR, an increase of US$1-3/ton from last week. NFL purchased 90,000 tons of DAP at a price of $322-324/ton CFR. RCF cancelled the tender and issued an inquiry for 115,000 tons of DAP. Pakistan has recently completed two trade batches, with a trade volume of 75,000 tons, with a minimum price of US$320/ton. The price of DAP in China is firm, and the quotation of Southwestern enterprises rose to US$315/ton FOB. This week, Thailand made an inquiry of 6000 tons of diammonium at a price of 310 US dollars/ton fob.

In the west of Suez, the price of MAP remains strong, with the price of MAP in Brazil at US$340/ton CFR. The price of US DAP/MAP fell from the high end of last week to $310/short ton FOB Nora.

The prices of DAP and MAP are temporarily stable. However, if output and inventory rise too fast, there is no lack of a fall in the fourth quarter. Therefore, the operating rate of enterprises in the later period is a key factor.