Views:7 Author:Site Editor Publish Time: 2021-02-20 Origin:Site
The holiday suppressed price fluctuations in some main markets this week.
After the Spring Festival holiday, China FOB price of DAP rose to US$515-520/ton, and the market outlook is still expected to rise. In India, the CFR price of DAP from Saudi Arabia is medium/high-$440/ton.
East African importers purchased 800,000 tons of Saudi Arabia’s DAP at a CFR price of US$490/ton, which is higher than the price of US$380/ton CFR in last December, and it will be shipped in March.
In the United States, the MAP price barge basically stabilized at US$560-562.50/short-ton FOB Nora, while FOB price of DAP rose slightly from US$520/short-ton to US$528/short-ton from last week. In Byao razil, the CFR price of MAP has stabilized at US$600/ton.
Due to the tight supply, the ammonium phosphate market will continue to operate stably. The increase of India's MR is the first indicator that Indian importers are preparing to return to the market.