India: More DAP sales but buyers now bidding lower numbers

摘要

More DAP sales come to light but stand off now likely as buyers looking for $10-15/mt reduction in price. Two more PhosAgro sales have come to light this week bringing the total number (including NPKs) sold for this year to date to nine. In addition to the cargoes previously reported by Fertilizer Week, two DAP panamaxes are understood to have been sold to IFFCO for mid-May shipment at a price in the low $480s/mt CFR. This brings the total quantity of PhosAgro DAP sold into India to date to an estimated 300-340,000 mt.