China: DAP prices slides on October sales, higher freights

摘要

New deals and offers for October shipments extended DAP price declines from Chinese suppliers amid higher freight rates and limited demand. Pakistan’s Engro is understood to have now secured 350,000 t DAP in multiple shipments from Chinese suppliers through September and October with the latest cargo priced at $336- 337/t CFR or roughly $314-315/t FOB.