The purchase price of ammonium phosphate in India is low, and the market performance in other regions is quiet
Publish Time: 2023-02-22 Origin: Site
This week, India's procurement transactions increased, while activities in other markets were sluggish, and global prices continued to weaken.
Indian importers bought DAP from Russia and China at a lower price, with the price of 653-659 US dollars/ton cfr, compared with 660 US dollars/ton last week. Ma'aden of Saudi Arabia sold 30-35 thousand tons of DAP goods to India at the price of 660 US dollars/ton cfr at the end of February.
China's DAP fell to 630-640 US dollars/ton fob, and the overall quotation level in the Asian market was lower, falling by 5 US dollars/ton.
Due to the downturn in downstream demand, prices in the European market remained flat or weakened. However, it is expected that there will be a small amount of demand in the coming weeks, mainly due to the remaining import demand before the spring demand.
In the west of Suez, the Brazilian MAP price weakened to 650-655 US dollars/ton cfr this week, and fell by 5 US dollars/ton from the high level.
The US market is quiet, but suppliers expect demand to recover in the coming weeks.
The price in the west of Suez is stable, while the market in the east is weak
Due to oversupply, DAP prices in the eastern region will continue to decline. Before the recovery of demand in Brazil and the United States, transactions in the western markets were limited.