Views: 31 Author: Site Editor Publish Time: 2023-11-09 Origin: Site
DAP purchases in India and Pakistan have increased, while the CIF prices of MAP in Brazil have increased in the latest sales
RCF and NFL from India have both purchased DAP from Jordan and China in their inquiries this week, with prices stable at around $590 per ton. A group of Pakistani importers purchased DAP that arrived in December for $610 per ton, pushing the high end of this week's price to $575-590 per ton (FOB China). India still has DAP import demand, and RCF will complete another procurement bidding on November 11th and ship before December 10th.
The MAP prices in west of Suez have remained stable, with Brazil's MAP prices rising to $560-565 per ton cfr, and high-end prices rising by $5 per ton, reflecting the sales of goods shipped by Russia at the end of this month and early December. 19% of SSP prices remain stable at $190- $200 per ton cfr.
In the United States, due to weak product quotes in the first half of November, DAP barge prices fell to $523-540 per ton, while MAP barge prices remained flat at $600-635 per ton.
DAP is expected to weaken steadily, while MAP is expected to operate steadily and firmly
As demand in major markets gradually decreases, DAP CIF prices in east of Suez are expected to decline. India still has some import demand for DAP, but there is limited interest in goods from the second half of December. Based on domestic demand, Pakistan may purchase 1-2 more batches of goods in December. Chinese suppliers will mainly supply the domestic market. But the prices of ammonia and sulfur are expected to weaken, which will lead to a decrease in the price of DAP.
