The tender of diammonium phosphate in Bangladesh raises controversy

The tender for 600,000 tons of diammonium phosphate which was purchased by Bangladesh private sector has ended this week. The lowest 20 offers are at US $ 309-315 / ton CFR, which surprised Chinese companies. In the past few weeks, Chinese companies have insisted on keeping their quotation at US $ 310 / ton FOB. The origin of the low price has not been officially announced, but market participants hope that non-Chinese companies (such as Tunisia) will stand out in the tender. A trading company won the bid for 45,000 tons of diammonium phosphate in Pupuk, Indonesia. The company quoted $ 310 / ton CFR. Purchasing in India is continuing.The United States, Jordan, and China are the major importers of Indian diammonium phosphate, with prices at US $ 310 / ton CFR.

The market activity in Brazil is still low, except that the June 15,000-ton monoammonium phosphate selling price was US $ 308 / ton CFR. The quotation is US $ 290 / ton CFR this week, but producers still maintain their offer at US $ 305 / ton CFR.