19 September 2008 16:28 [Source: ICIS news]
LONDON (ICIS news)--Indian buyers are reported to have agreed fourth-quarter phosphoric acid prices down $400/tonne from the third quarter on lower sulphur feedstock costs and finished phosphate fertilizer prices, traders said on Friday.
Groupe Chimique Tunisien (GCT) agreed a price of $1,920/tonne P2O5 (nutrient content) CFR (cost and freight) with Coromandel Fertilizers Limited (CFL) and Gujarat State Fertilizers & Chemicals Limited (GSFC) for fourth-quarter shipments of phosphoric acid.
This was nearly $400/tonne lower than the third-quarter price agreed between phosphoric acid suppliers and some Indian buyers of $2,310/tonne CFR
This reflected the $200/tonne drop in imported diammonium phosphate (DAP) prices in India during the third quarter and lower sulphur feedstock costs faced by North African producers.
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