India's IFFCO said no agreements were reached this week on phosphoric acid for the second quarter. OCP is seeking another $100/mt P2O5 increase for Q2 contracts, partly in response to recent declines in ammonia prices and higher import DAP prices worldwide since entering Q1. Q1 contracts between OCP and Indian buyers increased by $111/mt CFR on Q4 prices, with similar increases to most other regions entering 2018.
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