Views: 7 Author: Site Editor Publish Time: 2023-08-31 Origin: Site
This week, the bidding for DAP in Bangladesh became the focus of attention, while other market activities were limited.
The FOB price of DAP in China has risen to $565 per ton. India's import activity has slowed down, with a purchase of 50000 tons of Saudi DAP in early September at a price of $550/ton/cfr, consistent with last week's situation. The Pakistani importer reported a quote of $580 CFR per ton, but the transaction has not yet been reached.
In some European markets such as Germany or Romania, DAP prices have stabilized, with Ghent prices stabilizing at $600 per ton.
To the west of Suez, the MAP price in Brazil is relatively low, at $530-535 per ton, while the high-end price has increased by $5 per ton, slowing demand.
The DAP/MAP price in Argentina has been lowered to $550- $555 per ton cfr. The US market prices have fallen, with MAP barge prices softening to $615-637.50 per ton FOB Nora and $530-540 per ton FOB DAP.
It is expected that the phosphate fertilizer market will strengthen and weaken from November to December
Due to bidding from Bangladesh and the source of goods coming from China, the production capacity and supply of DAP in China are tight, and prices are expected to remain firm. Demand from India, Pakistan, and Bangladesh will drive the DAP market higher, but shipping prices in the region are expected to begin to decline in November. Brazil's MAP demand is drying up as the import season is coming to an end, delivery volumes are reaching historic records, and farmers' affordability is also weakening.
