India: GSFC purchases DAP for July/August

摘要

GSFC purchased roughly 175,000 t DAP in three cargoes for July/August shipment, according to market sources. The volumes are understood to have been secured following negotiations after GSFC's June 13 tender for 115,000 t brown DAP, previously for delivery in the first week of July. At least two of the cargoes are understood to have been sold in the mid-$430s/t CFR with credit, reflecting around $431-432/t CFR after credit.