Baltic/Black Sea: DAP/MAP indicatively rises

摘要

EuroChem and PhosAgro are both understood to be sold out for July DAP/MAP shipments and are targeting higher prices for August cargoes. There are some indications of DAP sales from both suppliers to northwest Europe at $470-475/t FCA Terneuzen/Ghent, reflecting no lower than $430/t FOB Baltic for EuroChem. There are also some indications that EuroChem sold a MAP cargo to Brazil's Itaqui port at $447-450/t CFR, reflecting at least $420/t FOB Black Sea, but this has yet to be confirmed.