Brazil: MAP price declines as demand slows

摘要

With demand for imported MAP due to weaken seasonally through the fourth quarter and roughly 500,000 mt MAP (11-52 and 11-44)/DAP already set for arrival in October and November, some traders are now reportedly short selling 11-52 for November shipment slightly below $350/mt CFR. Sales of Mexican, Moroccan and Russian MAP for late October/November shipment MAP are rumoured to have slipped slightly into the $350-353/mt CFR range.