The holiday suppressed price fluctuations in some main markets this week. After the Spring Festival holiday, China FOB price of DAP rose to US$515-520/ton, and the market outlook is still expected to rise. In India, the CFR price of DAP from Saudi Arabia is medium/high-$440/ton. East African importe
US phosphates led the rise again in this week,which pushing phosphate prices up. The median FOB price of Nola DAP rose by US$85/short ton to US$550/short ton. The current CFR price in the U.S. Gulf is about $600/ton,this is the highest level since 2012.
There is no sign that the bull urea market will weakening, the strong demand and tight export supplies are supporting price increases in the entire market.
Urea prices continued to rise this week, highlighting the continued strength of the market. As traders purchased for March, the price of Egyptian pellets rose by US$15 to a FOB (fob) of US$350 per ton, a 6-year high. Due to demand from Latin America, the price of Chinese product is US$326 per ton. D
RCF issued a tender for the purchase of 100,000 tons of NPK 10-26-26, which closed on November 23. This bid requires the winning bidder to ship 50,000 tons (+/-5%) NPK within 45 days after RCF issues the purchase order, and the other 50,000 tons (+/-5%) NPK will be selected by RCF and will be instal