Brazil: Buyers resist paying above $500/mt CFR

摘要

Suppliers' attempts to achieve higher prices for June cargoes, above $500/mt CFR, have met with resistance. Both OCP and PhosAagro were quoting $510/mt CFR at the end of the IFA meeting last week in Istanbul, but OCP has since confirmed new sales at the old price of $500/mt CFR. OCP has now sold a total of 230,000 mt MAP (including a small quantity of DAP) for June shipment, all at $500/mt CFR. The price range therefore remains unchanged for granular 11-52-0, at $495-500/mt CFR Brazil.