The DAP/MAP market keep active in Latin American

The price of MAP in Brazil keep high this week, although the increasing is slower than in past months. The export transaction CFR price of Russian MAP was US$760/ton , and the transaction CFR price of small batches was US$770/ton, which was higher than the transaction price of US$758-760/ton in last week. Trading companies and suppliers have noticed that Argentina imported higher prices for MAP last week. Phosphate prices rebounded this week, and the sales CFR price in Argentina was US$770-780/ton.

In the east of Suez,there is no new transactions in India and Pakista, and the Indian importer mainly executes the pre-order of DAP from China.

Rigid demand in the international market still exists

Since the last spike in early June, price increases have slowed down, but supply still very tight. Imports from Argentina and India need to continue. Importers in Pakistan will also increase imports of DAP to cope with the peak domestic demand in the fourth quarter.