China: More DAP sold in low $340s/mt FOB

摘要

Chinese DAP, believed to be from Hubei, has been sold in a 20,000 mt combination cargo to a trader targeting Argentina sales at around $342/mt FOB, according to traders. The news follows the recent confirmation of a separate Hubei DAP sale to a trader at $338/mt FOB. Some sources continue to argue that levels as low as $335/mt FOB can be achieved from Hubei suppliers currently.