The international ammonium phosphate market in India is active, the Brazilian market is weak

India's imports of diammonium phosphate are active, but the FOB prices of China's diammonium phosphate have declined. This week, India purchased at least 225,000 tons of diammonium phosphate at a price of US $ 315-318 / ton CFR. The main sources of supply were from Morocco, China and Saudi Arabia. After domestic factories in India stopped, import demand was strong.

 

To the west of Suez, US prices are firm, and increased demand for monoammonium / diammonium phosphate is driving market activity. In Latin America, market enthusiasm has weakened, and 63% of monoammonium in Brazil has a CIF price of US $ 310 / ton CFR, but no transactions have been made. This week, Argentina ’s ACA / Bunge inquired about 32,000 tons of monoammonium / diammonium phosphate. Negotiations are still underway, with quotations below $ 310 / ton CFR.

 

Overview: Active demand in India, weak operation in Brazil

 

India ’s demand for diammonium phosphate is strong before the rainy season, and China ’s export prices will be under pressure in May. In the case of slowing demand, the price of monoammonium phosphate in Brazil will fall further.