China: DAP prices pass $315/t FOB target

摘要

DAP prices from China are now indicated no lower than the target $315/t FOB for remaining August availability, according to market sources. Offers for September DAP shipments are now generally reported at $320-325/t FOB. There are strong indications a trader purchased 45,000 t DAP ex-river from Yihua at $318- 320/t FOB for shipment to India in H2 August, but this has not been confirmed. There are rumours the cargo also includes some volume of NPS.