International DAP/MAP market prices continue to rise

   Driven by the Brazilian market this week, the prices of MAP and DAP are operating stably. Due to the market sales of MAP in Morocco and Russia, the price of MAP in Brazil rose by US$25/ton to US$745-750/ton CFR.

   The price of MAP in the United States has relatively stagnated, rising only slightly to US$650-660/short ton FOB Nola.

   Elsewhere, the ammonium phosphate market performed relatively quietly. With the return of Southeast Asian countries to the market, China's export prices have firmed up from 555-556 US dollars/ton FOB last week to 565-570 US dollars/ton FOB. This week, China did not sell DAP to India or Pakistan, and the offer was basically withdrawn. India purchases Saudi Arabia's Ma'aden DAP at a price of US$577/ton CFR, and India is still constrained by relatively low domestic prices.

  The Ammonium Phosphate Market Is Running Well

  Brazil and Bangladesh are expanding production capacity globally and may further ship to the United States. The possible export tax imposed by China will exacerbate supply tensions and push up prices.