Market sentiment remains bearish and prices continue to fall. The overall activities are limited before the large industry conference to be held next week. In the east of Suez, the level of DAP exported by China fell to 720-735 USD/ton FOB, which was sold to Southeast Asia and Pakistan in small quan

India again dominated the phosphate market this week, with DAP sources coming from China, Russia and Saudi Arabia.Two Chinese DAP cargoes were sold to India at $750/ton cfr, and today's Russian cargo was sold at $720/ton cfr. An importer in Pakistan ordered a Chinese shipment at a higher price, and

DAP levels east of Suez continued to decline, with the market traded in a muted form this week following a surge in trading in recent weeks. Indian DAP prices fell to $770-775/t cfr, with prices facing further pressure, with unconfirmed offers of $750-760/t cfr. Chinese DAP prices fell to $745-770/t

Global phosphate trade was concentrated in India this week, where nearly 400,000 tons of DAP was traded. Prices in the U.S. and Russia fell sharply to $850/t cfr from $880/t cfr at the start of the week. But there are also cargoes from Saudi Arabia and Morocco, totaling around 250,000 t DAP at $890/

DAP prices fell to $920-940/t cfr this week in India. Buyers expect prices will continue to decrease before the next round of buying. The price decrasing in India has pushed down Chinese FOB prices, but quota-induced tightening has kept high-end offers to the Southeast Asian market at around $940/t