The CFR price of DAP in India has dropped to $525 per ton, with the latest imported source being 35000 tons from Saudi Arabia. Indorama closed its inquiry today for the purchase of up to 50000 tons of DAP and received approximately 5 quotations. RCF will finish its bidding on May 16th to purchase 50

In this week's phosphate market, India once again became the focus of market trading, with the latest CFR quotation level decreasing. Importer NFL concluded the bidding for 50000 tons of DAP on April 10th, with a trading company offering a minimum price of $560 per ton of cfr. Hindalco and Indorama

The market activity was low this week, and the quotations in some regions continued in the early stage. The main trading area is Pakistan. Engro purchased 25000 tons of DAP from Ma'aden, and it is reported that 25000 tons of Saudi DAP were sold to Kenya at a transaction price of 640 US dollars/ton.

The price of DAP in India and China fell this week, while the price of MAP in Brazil rose.The CIF price of India fell to 709-712 US dollars/ton. It is reported that the goods are sourced from China, Russia and Jordan. The trading from China reflects that the FOB price per ton is around 685-690 US do

International phosphate fertilizer trade slowed down this week, and buyers waited for declining of price, while sellers were unwilling to lower their prices. China's export volume is limited, but due to weak demand, the price of DAP drops to 700-710 USD/ton FOB. India's import demand is scarce. Paki