Momentum slows on DAP/MAP price rises

摘要

DAP/MAP prices saw mixed movement this week following recent increases with further rises in the US but a slight decline in India. The supply/demand situation is largely balanced as low near-term availability offsets waning demand in some markets. US DAP/MAP New Orleans barge prices extended recent increases this week with August DAP barges at $404-405/st FOB and MAP reaching $410-415/st FOB. Inland prices also saw increases with roughly $5/t rises in DAP/MAP prices in most Midwest and Southern Plains markets.