Peru: Vale in discussions over Q1 rock contracts

摘要

Vale is understood to still be negotiating phosphate rock contracts from Peru for the first quarter and is awaiting further clarity on India's phosacid/DAP prices before confirming its new agreements. Vale is understood to be offering rollovers on a delivered basis to India and Southeast Asia, roughly $85- 95/mt CFR, but this represents slightly lower FOB values due to recent increases in freights.