Mexico: DAP/MAP prices extend rise

摘要

Fertinal sold new DAP/MAP cargoes for December and January, with prices now pegged at $380-390/mt FOB, up from $370-380/mt FOB recently. The producer is loading around 40,000 mt MAP to Nitron in December for sales to Latin American markets as part of their long-term agreement. The deal is likely to be on formula pricing with current LatAm values reflecting roughly $380-385/mt FOB Mexico after a slight trader margin.