Views: 8 Author: Site Editor Publish Time: 2020-04-20 Origin: Site
East and West markets are basically stable
This week the eastern and western markets were basically stable. After a rush of procurement, India ’s procurement activity has slowed, but there are still several new shipments waiting to be shipped. Importer MCFL bid for 30,000 tons of diammonium phosphate on April 8, and JPMC in Jordan sold 44,000 tons of diammonium phosphate, which was shipped in late April. Pakistan purchases 15,000 tons of diammonium phosphate and plans to sign orders for June.
In Latin America, the price of monoammonium phosphate in Brazil fell slightly to US $ 308-315 / ton CFR, compared to US $ 310-315 / ton CFR last week. In Argentina, the latest purchase of monoammonium phosphate / diammonium phosphate by ACA / Bunge stabilized at US $ 314 / ton cfr.
India may continue to import, but the increase in Chinese supply may balance the market. Next month, Pakistan may increase imports. The Brazilian market is still weak.
