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Global phosphate fertilizer prices were still under pressure last week.
Among them, the weakness of Latin America is the most obvious, which is related to the long battle lines of traders and the bearish market of buyers.
After all, the CIF price of Argentine monoammonium phosphate has fallen to US$370 (ton price, the same below).
In Brazil, the bid/quote range for monoammonium phosphate is between US$370 and US$385 (CIF).
Argentina also has some demand for Moroccan and Chinese products, but the price is already below US$380, and dealers have sold it at a median CIF price of US$370.
In the Eastern Hemisphere, the Indian NFL Company cancelled the original tender and reissued a new tender.
The mid-to-high price of the tender was set at $350 (CIF) to drive the major dealers to lower their offers, but a larger buyer The actual weekly bid is $365.
In Pakistan, the transaction was once again completed at a CIF price of less than US$370, which also means that the FOB price of China's DAP is only US$350.
It is reported that the 40,000 tons of diammonium phosphate purchased by Engro from Kailin Group at this price will be shipped in early May.
The Saudi Arabian Mining Company (Ma'aden) reported a price of US$380, but the news has not been confirmed from any buyers in Pakistan.
In the Western Hemisphere, a small number of transactions in the US domestic market were completed at an FOB price of US$310-315/short ton.
Copeval of the United States proposed to Yuntianhua Group to bid for monoammonium phosphate/superphosphate, which also reflects that there are fewer phosphate fertilizers in other regions outside of China.
The price of European diammonium phosphate has fallen below US$400 after the end of the season.
Among them, the weakness of Latin America is the most obvious, which is related to the long battle lines of traders and the bearish market of buyers.
After all, the CIF price of Argentine monoammonium phosphate has fallen to US$370 (ton price, the same below).
In Brazil, the bid/quote range for monoammonium phosphate is between US$370 and US$385 (CIF).
Argentina also has some demand for Moroccan and Chinese products, but the price is already below US$380, and dealers have sold it at a median CIF price of US$370.
In the Eastern Hemisphere, the Indian NFL Company cancelled the original tender and reissued a new tender.
The mid-to-high price of the tender was set at $350 (CIF) to drive the major dealers to lower their offers, but a larger buyer The actual weekly bid is $365.
In Pakistan, the transaction was once again completed at a CIF price of less than US$370, which also means that the FOB price of China's DAP is only US$350.
It is reported that the 40,000 tons of diammonium phosphate purchased by Engro from Kailin Group at this price will be shipped in early May.
The Saudi Arabian Mining Company (Ma'aden) reported a price of US$380, but the news has not been confirmed from any buyers in Pakistan.
In the Western Hemisphere, a small number of transactions in the US domestic market were completed at an FOB price of US$310-315/short ton.
Copeval of the United States proposed to Yuntianhua Group to bid for monoammonium phosphate/superphosphate, which also reflects that there are fewer phosphate fertilizers in other regions outside of China.
The price of European diammonium phosphate has fallen below US$400 after the end of the season.
