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International phosphate fertilizer is expected to strengthen in the future, with a clear upward trend in prices
Time:
2023-05-17
Everyone still expects a strong future for phosphate fertilizer. The CIF price of monoammonium in the Brazilian market has recently risen to 530-535 US dollars (ton price, the same below). The CIF price for Moroccan goods in April has increased to 550 US dollars, and the FOB price for monoammonium reached 515 US dollars in a transaction between Russia and traders. However, several batches of ammonium phosphate imported from Saudi Arabia, Russia, and the United States have been re exported in Brazil, and the Tunisian source price is far lower than OCP's current quotation. The CIF quotation for Argentina and Uruguay for diammonium from the United States remains at $520. Due to adverse weather conditions, the domestic market in the United States has slightly weakened.