US NOLA: DAP/MAP offers at $260/st FOB

摘要

Prompt business for DAP and MAP barges at New Orleans this week were reported by traders at $258-260/st FOB, with seasonally modest interest. Q3 buying interest is reported in the low $250s/st FOB. Support for this indication reportedly is coming from traders looking for cover in order to participate in summer fill business. However, some traders are anticipating a repeat of last year's declines that reached the $230s/st FOB in the fall.