New tender business in July/August to support market

摘要

July/August to support market The issuance of fresh tenders in India and Belarus this week totalling over 400,000 mt DAP/MAP/NPKs to be held in July and August will help keep trading activity buoyant in the short- to-medium term. Given that producers from all main traditional supply regions – Russia, North Africa and US – are either or nearly sold out for July/August, prices are expected to trend upwards over the coming weeks.