International ammonium phosphate market supply is tight
Publish Time: 2020-07-27 Origin: Site
Importers all over the world are looking for DAP/MAPsources for shipment in July and August. Because most companies are currently waiting for high volumes, importers are now considering buying low-content phosphates for further shipment.
India RCF tendered 115,000 tons of DAPand has received two offers. Demand in Pakistan has increased, and importers signed an order for DAP in August at a price of US$327/ton CFR. Last week, Pak Arab did not complete two 50,000-ton tender transactions.
In Brazil, 55% MAP inquiries increased, which promoted the upward development of prices. As there is no new transaction, the price has not changed for the time being this week, and it may rise to US$335-340/ton CFR later.