Views: 21 Author: Site Editor Publish Time: 2022-12-07 Origin: Site
huge difference between India's DAP and Brazil's MAP prices narrowed slightly this week.
Under the pressure of low index and low quotation, the CIF price of DAP India fell to 730-735 US dollars/ton. It is reported that Jordanian goods are sold within this range. The importer NFL cancelled the purchase bidding on November 21 and is considering other quotations received. Trading companies provide Tunisian and Moroccan products. Ma'aden of Saudi Arabia has arranged a batch of MAP goods to be shipped in December, including 40000 tons to Brazil and 30000 tons to Australia. The price of China fell again this week, and the FOB price of DAP was 710-720 US dollars/ton.
In the west of Suez, the enthusiasm of the Brazilian MAP market has rebounded. About 40,000 tons of Russian products were sold this week, raising the price range to 605-610 US dollars/ton cfr. The increase in inquiries for next year's import volume has started to boost the confidence of suppliers. In the United States, the price of DAP barge fob Nora Port is about 640 dollars/st. Argentina's strong demand at the end of the season has raised the price of small parcels to the cost and freight rate of 680 US dollars per ton.
Overview: The price of DAP in the east is weakening; The price of MAP is stable
Once the remaining demand is met, producers begin to compete for the remaining sporadic procurement demand. The DAP price in South Asia is expected to further decline, and Pakistan has no interest in buying. The MAP price in Brazil seems to have bottomed out, because the importers are arranging some purchases under the stable barter price.
