Against the new contract price settlement in India at $677/mt CFR, the potential Baltic netback equates to around $620/mt FOB. EuroChem has concluded DAP/MAP sales for September shipment to a number of European destinations at a $5/mt increase on August pricing to $695-700/mt FOB for Lithuanian DAP ex-Klaipeda and MAP ex- Muuga/Novorossiysk. Following the sales, the producer is nearly sold out for September business. EuroChem will ship the final 30-35,000 mt DAP cargo to India under contract.
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