India INDiAN SUB-CONTiNeNT

摘要

Chinese producers are offering DAP for second-half May shipment at$460/t cfr versus reported firm bids$10/t lower. There has been no formal agreement on prices as yet in India. There has however,been a plethora of MoUs reported in the last week between Indian buyers and Chinese and Saudi suppliers.Some reports put the total volume agreed at 2m t,but we estimate this to be closer to 600,000t-1.2m t.