india OsphOr

摘要

Q2 phosphoric acid negotiations,a precursor to DAP pricing, got underway in India this week.OCP reportedly wants a sig-nificant hike to$750/t P2O5 cfr,a rise of$70/t P2O5 on Q1. The Moroccan argument stems from higher sulphur costs, firm ammonia pricing and strong Q1 finished phosphate prices.Indian buyers want a rollover.Thus no imminent agreement is likely and negotiations will likely fall into April.