India: DAP price flat on new purchases

摘要

Indian DAP buying activity generally remains slow this week with no rush to buy at current offers and most of the requirement for kharif season complete. GSFC purchased 175,000 t DAP for July/August shipment in three cargoes from Aries and Agrifields (likely from China) in the mid $430s/t CFR with credit, reflecting $431-432 CFR. Ma'aden said it sold another 40,000 t DAP in the mid-$430s/t CFR to west coast India for July shipment. After credit the deal also likely reflects around $431-432/t CFR.