The MAP price in Brazil has increased by $10 per ton, while India and Pakistan have purchased more DAP.

A Pakistani importer purchased 25000 to 27000 tons of Chinese DAP at a price of $612 cfr per ton, while India's NFL purchased 55000 tons of DAP in its latest tender at a price of $595 cfr per ton. Chinese suppliers have raised their prices, with FOB price from $580 to $585 per ton. Due to RCF closing another tender on October 21st, India's demand will still increase. NFL may also purchase 30000 tons of DAP for $590 per ton in an inquiry on October 18th, but sales have not yet been finalized.

Industry insiders gathered in Portugal to attend an important meeting, and the sentiment of DAP prices in Europe remains strong, at least until the end of this year, mainly due to insufficient supply and limited inventory carried forward.

In west of Suez, the MAP price in Brazil increased by $10/ton to $560/ton cfr, after traders sold 17000 tons of November shipment from Russia. In the United States, barge prices are relatively weak, with DAP of $525-540 per ton FOB and MAP of $600-635 per ton FOB.

The international phosphate fertilizer market is stabilizing currently

The sustained DAP import demand from India and Pakistan will stabilize the loading prices of goods in the eastern region of Suez in November. But for products arriving from December to January, market interest is not high. Inventory is very low, and import procurement will have to resume at the beginning of the first quarter.