Bullish DAP/MAP sentiment prevails

摘要

Firm DAP/MAP prices prevailed across global markets this week, with further rises in Brazil and Europe supported by limited near-term availability. Latin American DAP/MAP prices extended their recent rally with Brazilian MAP importers purchasing to meet the upcoming season amid worries of growing waiting times at port. Brazil MAP prices rose to $442-447/t CFR from $440-445/t CFR with some indications of deals as high as $450/t CFR. Still, there remain worries that third-quarter inland demand may be impacted by the recent surge in inland freight rates.