Phosphate world focused on India and acid versus DAP

摘要

The tug of war between Morocco's OCP and Indian phosphate buyers does not just include the ultimate price importers will pay for phosacid, but also the split between acid and DAP sold by OCP. Indian buyers were not able to drive the price of Chinese imported DAP any lower this week. This does not settle the contest over DAP values, but it does suggest that DAP suppliers see OCP's stubborness over phosacid prices as a support for DAP prices rather than just an opportunity to sell more DAP.