India and the United States lead the decline in DAP prices

The price of DAP continues to decline, and Brazil has become a high-end market for MAP.

The DAP quotation provided by traders to India continued to decline this week, with a final landed price of $540 per ton, a decrease of nearly $10 from last week.

The price of DAP in China has dropped to an offshore price of $535-545 per ton.

In the United States, barge prices have plummeted significantly due to trade and various signs. The price of Nola ammonium phosphate barge decreased by $50/s, and the MAP price decreased by $72.50/s.

In markets outside the United States, suppliers are attempting to maintain MAP prices, with Russian MAP sold to Brazil at prices of $570/ton CFR and $572/ton CFR.

Due to Eid al Fitr or insufficient demand, many markets have remained calm this week.

DAP prices in Europe remain stable with almost no trading this week. Parts of northwestern Europe continue to experience cloudy and rainy weather, delaying planting and fertilizer application.

DAP will continue to decline, and there is uncertainty about MAP Although China's export supply has increased, India remains the main active buyer, and traders will continue to import DAP at lower prices.

In Brazil, strong MAP domestic demand has stabilized supplier quotations, waiting for Brazil's import demand. However, current price transactions are limited, and relatively limited demand may lead to a decrease in quotations to release production.