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

Phosphate markets in eastern and western Suez are developing well, but due to insufficient supply, most markets are less active. The current source flow of several manufacturers has been confirmed and will be shipped to the United States in the first quarter. India and Pakistan have no new orders to

This week, the price of DAP and MAP in west of Suez were keep stable this week. The MAP transaction price of Brazil, Russia and Morocco is USD375/ton CFR, and the latest transaction price has increased by 5 USD/ton. There are no new transactions in Argentina. US traders will import a ship of DAP/MAP

The international DAP/MAP prices were basically stable this week, but Pakistan prices were higher.Morocco OCP sold 30,000 tons of MAP to Brazil at a price of US$370/ton CFR. It is said that the price is in the range of US$360-370/ton CFR. The company failed to increase the price until now. Argentina