DAP Market Analysis

By CnAgri2013-08-27 11:40:55 Print DAP: DAP market remained adjustment with weakness and export price continued declining this week. DAP had price but no buyers in domestic market. Most enterprises still focus on export. Though the quotation for DAP exporting to India has declined to USD440/MT CFR this week, purchase still went slack and export quotations of international traders are still going down. Export enterprises are now mainly dealing with previous orders and new orders are limited. Domestic dealers are cautious and not eager to purchase since the market trend is expected to go down. DAP price still lacks effective supports with weak demand from domestic and abroad though raw materials prices are expected to rebound. The weak trend of DAP market is hard to change in short terms. (Figure 3)




From “China Fertilizer Market Weekly Report”