The DAP/MAP market is stably
Publish Time: 2021-03-04 Origin: Site
US barge prices fell this week. Till to Feb 24th, MAP was 560-565USD/short ton FOB Nora, lower than last week’s 560-570USD, the price was about 611-617 USD/ton CFR, compared with Brazilian phosphoric acid, The price of MAP is the same. Now the market’s focus shifted to Brazil, the buyers' are active.
China’s market performed strongly,the quote to Southeast Asia and Central America rising to FOB US$530-563/ton, the price was FOB US$515-520/ton last week.
The tight supply of phosphate fertilizer will keep into the second quarter. It is expected that India’s subsidies will increase, it will support India’s purchases.