Players step aside and take wait-and-see stance

摘要

International DAP prices remain stable, however a January DAP sale ex-Baltic to Latin America at $570/mt FOB suggests that prices might be coming under downward pressure going forward, as global demand in December subsides, particularly in Latin America. Buyers in Europe and North America already have adopted a wait-and-see approach as they begin the process of closing their books for 2010, while awaiting phosphate rock and phosphoric acid Q1 contract price settlements before taking any further forward positions.