India: Phosphate rock prices decline in H2

摘要

Following news of the OCP contract agreement for phosphoric acid for the remainder of 2016, new deals have begun to be concluded for phosphate rock at discounts against the Q1/Q2 prices according to traders. India's Coromandel is understood to have secured a 71% BPL phosphate rock contract with OCP for the second half at $120-122/mt CFR, a decline from around $130/mt CFR for the first half 2016.