OUTLOOK '18: Strong phosphates demand expected in Q1 despite fears of oversupply

摘要

LONDON (ICIS)--The phosphates market is starting 2018 with bullish expectation of demand in major regions, with buyers in India likely to return to the market in mid-Q1 following the announcement of next year's subsidies levels and maximum retail price (MRP) in February. There are expectations that buyers will make purchases soon, as they closed 2017 with low diammonium phosphate (DAP) stocks around 500,000 tonnes and DAP imports to the country since April have been below 4m tonnes. There are estimates that DAP imports to India in this financial year (April 2017-March 2018) will reach 4.5m tonnes.