India: Buyers fail to achieve $341/mt CFR

摘要

As the rupee fell as low as INR 68.2 against the US dollar late last week, buyers were said to be seeking DAP at $341/mt CFR only to be disappointed. IFFCO bought a 50,000 mt cargo from Wengfu via Kisan International at $342-343/mt CFR, netting back to about $332/mt FOB China.