Views: 2 Author: Site Editor Publish Time: 2024-07-18 Origin: Site
Bangladesh and Pakistan bought out India
Global prices remain firm, with price fluctuations mainly occurring in the eastern region.
After Bangladesh awarded nearly 400000 tons of DAP through its private sector tender (the tender for heavy calcium was cancelled), traders want to purchase Chinese DAP. Chinese suppliers have increased their offshore quotes to $570-580 per ton, thereby pushing up the landed prices in Southeast Asia. Indian traders purchased Saudi diammonium.
India is mostly hindered by maximum price limits/subsidies (the only deal this week: RCF won the bid with a landed price of $559/ton). Pakistan didn’t wait and purchased 65000 tons of Saudi DAP at a landed price of $560 per ton.
Most North African suppliers have sold out recently, with offshore quotes for DAP in Tunisia and Egypt reaching as high as $620 per ton. Due to a lack of supply, prices in Europe have become firm.
The landed price of ammonium phosphate in Brazil has once again increased from $630-635 per ton to $630-640 per ton.
Price in east is firm, and west is stable
After meeting the needs of Bangladesh, China has targeted India, which needs to purchase more DAP. Pakistan will also purchase more DAP to prevent its supply from being taken away by India.
Brazil will try to find pentoxide phosphorus as much as possible before the purchase window closes in August, and the price of ammonium phosphate will also lose more support after the window closes.
