Baltic/Black Sea: DAP prices slump in August sales

摘要

EuroChem is understood to be sold out of DAP for August shipment with latest sales to European buyers from its Lifosa operations pegged at roughly $330-340/t FOB Baltic. Latest PhosAgro DAP sales to northwest Europe are reported at around $370/t FCA with a likely netback in the low $320s/t FOB. The company has also secured small volume sales for roughly 5-10,000 t DAP to the Balkans at higher prices.