This week, sufficient supply continued to depress prices, especially in the West. Due to the efforts of traders and producers to ensure sales, the price of large granular urea in the European and American markets and the Middle East market fell by 10%. The decline in the Asian market was small, main

India has become the focus of the market againThis week, an Indian importer signed a phosphoric acid contract with Foskor, South Africa. The Indian government also announced the subsidy budget for the fiscal year 2023-24, and the funds for phosphate and potassium fertilizers will be reduced by 38%.

Driven by the demand of different markets, this year's first price rise was seen in some markets this week.In February, most of the transactions were concentrated in the sources of goods in North Africa, with the transaction price of 65000 tons of Egyptian large particles at FOB395-410 dollars/ton a

The demand in the east of Suez is weak, while the price in the American market is rising, and the suppliers will shift their focus to the west.GCT has completed the sale of 40000 tons of DAP, which will be shipped to the United States at the beginning of next month. The manufacturer has shipped the

Due to the oversupply of urea, major global price indexes fell sharply.Due to the limited demand in European and other American markets, suppliers continue to distribute goods to the United States, and the price of the United States fell the most (barge price fell by $40/ton).The goods sold by sever