DAP Enterprises Rose Quotation

By CnAgri2014-03-11 09:34:03 Print DAP: DAP market went favorable this week and some enterprises rose quotation due to increase of cost and railway freight rates. Market arrivals registered 70%-80%. After quotation rising, market turnover slowed down significantly. NC areas were still not active in preparing fertilizer and fertilizer delivery went better in basic market in NE. DAP export went warm and some enterprises intended to reduce domestic sales to deliver to ports. Industry operating rate stayed at 60% and medium and small enterprises still suspended production with no resources. Sulfur price went high was also supportive to quotation increase, over which, however, market reacted normal. DAP price is predicted to remain stable in short terms. (Figure 2)



From “China Fertilizer Market Weekly Report”