India: New MoU DAP purchase, range of new tenders

摘要

Indian buyers continue to largely hold off on purchasing DAP amid a wide bid-offer spread and little to no margin for importers at current offer levels, according to market sources. Ma'aden reports that it has agreed the price of a roughly 35,000 mt DAP cargo for an Indian buyer, likely under MoU, for early March shipment at around $420/mt CFR.