China: Pressure builds on DAP price

摘要

In response to recent declines to the India, Southeast Asia and the Pakistan DAP import price, traders are calling for Chinese producers to make deals below $235/mt FOB. Trader Quantum was awarded a tender for 35,000 mt DAP from Pakistan's Fauji earlier this week at $340/mt CFR. The company is rumoured to have already secured the DAP from China at slightly below $325/mt FOB China, although this has not been confirmed.