The price of ammonium phosphate rises with sales

As global suppliers take full advantage of China's absence and shift their focus away from the United States, the surge in sales has pushed up prices. DAP producers from Russia, Tunisia, Morocco, and Saudi Arabia have found buyers in Asia, while a Brazilian importer has accepted a Russian MAP of $700/ton CFR. The strong prices in Europe have attracted some goods from DAP, MAP, and TSP in Morocco. In Egypt, NCIC's sales tender (not yet awarded) is expected to have a bullish price outlook. The sales of DAP in India, Tunisia, and Russia have continued to increase, ending at $700/ton CFR, but the importers involved are now requesting the cancellation of the last transaction before the NFL's procurement tender ends on April 21st and 28th. OCP sold goods to India at a price of $750-755 per ton CFR in May, which caught people's attention, but this may have been a sale to a trader rather than an Indian importer. It may also sell DAP to Pakistan at a price of $700-705 per ton CFR, previously Ma'aden had sold it in Pakistan at around $700 per ton CFR. Ma'aden subsequently shifted his focus further towards the East and may sell DAP to Thailand at a price of approximately $710/ton CFR. The strong Asian market has pushed the nominal price of DAP in China to $660-675 per ton FOB.

Strong prices pose risks for China

Buyers will compete for limited supply, and China's continued absence in the export market exacerbates this situation. This will push up prices.