Bangladesh tender,tight availability dominate phosphates market

摘要

LONDON(ICIS)--The phosphates market was dominated by news of a diammonium phosphate(DAP)import tender in Bangladesh that closed this week.1.Chinese DAP offers higher on export deals.2.Nola prices climb on limited business.3.Market players expect increase in Q4 India phos acid prices.Chinese and Egyptian product was offered the lowest,but netbacks to China pushed export prices up.There are expectations that this tender will give some price direction to the market for October,and also take some tonnage out of the market.Chinese product in October will mostly be directed to the domestic market,however,as it is the peak season,so Egyptian producers will be able to compete for business.