China: DAP prices decline, inland costs rise

摘要

This week China's DAP export values weakened on lower demand while costs for inland sales increased on higher truck freight prices. Fauji awarded its September 22 tender for 40,000 mt DAP to Quantum with Chinese product at around $325/mt CFR. The deal is likely to represent a netback at $310/mt FOB or a little lower. The Fauji tender is for shipment H1 October.