Views: 10 Author: Site Editor Publish Time: 2023-03-07 Origin: Site
The price of DAP in the east is under pressure
The cfr price of DAP fell to about 620 US dollars/ton this week, and the import price is approaching the level below 620 US dollars/ton now.
NFL purchased 50000 tons of DAP shipped in March from a trading company at a price of about 625 dollars/ton of cfr, which is lower than the price of about 640 dollars/ton of cfr at the beginning of this week. The DAP result range fell to $610-620/ton.
Indonesia Pupuk Company has entered the market for procurement and issued a procurement bidding for 25000 tons of DAP. Egypt (NCIC) will hold the sales bidding for the production in March next week.
The market in the west of the Suez Canal is relatively stable. The latest signs show that the MAP price in Brazil fell back to $645-655/ton. The news about the transaction price of 645-650 US dollars/ton has not been confirmed. SSP level also declined, with 19% of products falling to 260 US dollars/ton.
The west market is calm while the east market is weak
The market activity in Brazil remains calm, and importers continue to wait. Spring demand in the United States and Europe may provide some temporary support in the short term. Indian buyers will continue to depress the DAP level. If China's exports start to increase next month, then global prices will fall.
