After two weeks of active trading, market liquidity has slowed down, but as the market awaits the latest bidding results from India on December 21-23, sentiment has once again strengthened and prices have risen slightly. The bidding from Ethiopia and India has boosted producers' confidence in future

At the annual meeting of the Fertilizer Association of India held in Delhi, there were rumors in the market, but new DAP goods continued to evade the control of Indian importers. Due to the lack of quotes from legitimate suppliers, RCF has cancelled the bidding for the purchase of 200000 tons of DAP

On December 9th, the Indian NFL announced a urea import tender, with a deadline of December 19th and an opening date of December 20th. The latest shipping date is February 10th, 2025.

Ethiopia, India support China and Saudi ArabiaDAP dominated activity in the east this week. Commitments to Ethiopia tightened Chinese DAP supplies, pushing its high-end price up by $5/ton to $610-620/ton (FOB China). Ethiopia's EABC has bought up to 400,000 tons of DAP, including 195,000 tons from C

The market situation of large granular urea took a sharp turn for the worse this week, as supply increased and suppliers cut prices to stimulate demand, but market trading activities were limited, and most end users were waiting to see prices stabilize after falling.Price levels for prilled urea in