Bangladesh annual import tender props up phosphates market

摘要

LONDON (ICIS)--All eyes in the phosphates market were on Bangladesh this week, as the annual diammonium phosphate (DAP) import tender closed. Chinese DAP producers to keep export offers firm Mosaic has limited spot DAP and gMAP barge availability in late June Brazil MAP market remains stable due to lack of business The lowest offer was from China at prices lower than expected, as Bangladesh is a subsidised market. It will be interesting to see the final award, as the result is expected to give some price direction to the market and absorb some tonnage from a market that still suffers from oversupply and a lull in demand.