DAP Export Price Declins to RMB2000/MT

By CnAgri2013-10-15 11:14:28 Print

DAP: after National Holiday, DAP market generally enters the final stage. Later, winter reserve market will be the hot spot. Though market quotation ran stable, actural turnover price went down. Some enterprises began making plans on winter reserve market and carried out related policies. Export gate is about to close and recent FOB price has declined to USD370/MT, converting to price from factory, it is below RMB2000/MT, at which, export enterprises suffere from serious loss. Therefore, they have no strong desires to export and it is likely that goods in port will be delivered back. In short terms, gloomy DAP market is predicted to see no significant improvement.  (Figure 3)

 

From “China Fertilizer Market Weekly Report”