China: Export DAP prices extend rise by $5/t

摘要

Low availability continues to support DAP from China with prices now pegged at $343-350/t FOB, up another $5/t on last week. Traders indicate offers are now reaching as high as $355-360/t FOB for further October loading sales with no deals reported this high. The lowest offer to Indonesia in a 120,000 t DAP tender on September 4 came from Hubei Xiangyun at $373/t CFR or as high as $360/t FOB though Pupuk Indonesia countered at levels which netback around $340/t FOB.