Chinese DAP sold at $480/mt CFR for March/April delivery

摘要

CIL has purchased two new DAP cargoes from China of 35,000 mt each, believed to be Wengfu product, at $480/mt CFR. The first will be delivered in March and the second in April. This price is slighly lower than the price agreed for the first tranche of cargoes from China, all at around $483/mt CFR. It transpires that three cargoes have now been booked from Sabic/Saudi Arabia with the latter two believed to be priced at a level slighlty lower than the $490/mt CFR achieved for the first.