Views: 17 Author: Site Editor Publish Time: 2022-01-19 Origin: Site
India is still the focus of the week
India was the only market that showed more activity this week. On the basis of purchasing quantity with 250,000 tons last week's, another quantity of 350,000 tons DAP purchasing were confirmed, and further purchases are still possible. The remaining demand will exceed 500,000 tons.
Domestic inventory levels hover around 1.3 million tonnes, It is in a low level at historically levels. Indian buyers completed sales from a variety of sources, including Russia, Morocco, Australia, China and Jordan. China continues to have goods that have passed legal inspections, but the speed of approval is still slow.
Prices keep stable
Demand is mainly concentrated in India at this stage, and prices are expected to be weak in February-March after Chinese New Year, depending on China's export clearance.