India Indian Subcintinent

摘要

Indian demand, however price-driven and opportunistic, is real, with the following deals done this week: Hindalco bought a cargo of DAP from Sabic reportedly around $350/t cfr for prompt shipment. Coromandel has bought a 45,000t Chinese DAP lot from Quantum/Yihua at $350/t cfr. Chambal has bought a DAP cargo from YUC under long- term agreement for end-April/early May delivery. Kribhco and possibly IPL are believed to be lifting cargoes from Ma'aden in April/May. TOTAL: 150,000-180,000t approx. Spot prices are generally being discussed in a $345-350/t cfr range.