Rumours China settling Q2 as Adnoc to issue May price

摘要

More deals involving Chinese end-users and Middle Eastsuppliers continue to trickle through this week. Whilesentiment in China remains one of resistance, marketsources in increasing numbers confirm they hear Q2 dealsbeing concluded with end-users within the $240-250/mt level.Doubts persist over the extent of contracts however,particularly as there is ongoing confusion over the rate ofexport tax for DAP/MAP from China. Whilst there is suchambiguity, it is understandable some phosphate producersare unwilling to finalise terms for sulphur.