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.

At the beginning of 2021, both the eastern and western phosphate markets of Suez experienced substantial increases, with market prices rising by as much as US$50/ton. Pakistan purchased Chinese DAP at a price slightly higher than US$425/ton CFR, which was an increase from the price of US$370/ton CFR