DAP FOB price Declined to USD455-465/MT

By CnAgri2013-07-26 11:19:09 Print DAP: domestic DAP market remained gloomy with weak demand from market this week. Fertilizer storage for autumn will be started at least one month later. International price continued going down and DAP low-end quotation from China registered USD455/MT FOB and big enterprises in Yunnan and Guizhou refused to make turnovers at such low price. Export window has been open for 2 months from middle May to middle July and export condition is not well as expected. International price continues declining and FOB price has declined to USD455-465/MT, USD110-120/MT lower than the same period in 2012. Most manufacturers announced they had great pressure in export. As international DAP price keeps declining, India requested to adjust turnover price of the set orders. But Chinese suppliers insist executing orders at turnover price or delaying delivery time. It is predicted DAP market shall keep adjusting with weakness later. (Figure 3)



From “China Fertilizer Market Weekly Report”