Views: 18 Author: Site Editor Publish Time: 2022-01-05 Origin: Site
Due to low demand support, the price of DAP barges in the United States fell down. The price fell to 720 US dollars/st FOB Nola from 740-750 US dollars/st FOB estimated last week. China's quotations have also weakened, from the low-end of US$900-910/ton FOB last week to US$870/ton FOB. There is news that 18,000 tons of Chinese DAP is sold to Thailand, but it has not been confirmed yet. A trading company sold 55,000 tons of Moroccan MAP 11-52 to RCF in India, with a transaction price as low as US$960/ton CFR. European market activity has almost stopped, and prices have remained stable. The Latin American market is quiet too. The manufacturer's offer for Brazil's MAP is about US$890/ton CFR and above, but no new transactions were dealed. Egypt's NCIC concluded the sales bidding for DAP, TSP and phosphoric acid on December 22, but did not win the bid.
The price remains firm
The overall market activity is quiet. The port closing and Ethiopian orders will benefit OCP in the first quarter. Natural gas prices will continue to put pressure on ammonia costs in the short term. On this basis, strong demand is still the main reason for price stability. Once China's exports increase, prices will return to rationality.
