20 July 2009 16:40 [Source: ICIS news]
HOUSTON (ICIS news)--North American marketing consortium Phosphate Chemicals Export Association (PhosChem) increased the 2009 sale of diammonium phosphate (DAP) to Indian customers by 500,000 tonnes, the group said on Monday.
The volume will be increased to 1.75m tonnes, PhosChem said.
Under the terms of the original contract, the price was to be indexed to market pricing. Shipments for the increased tonnage will occur between August and October.
The price for bulk DAP as of 17 July was in a range of $290-295/tonne (€206-209/tonne) US Gulf FOB, according to global chemical market intelligence service ICIS pricing.
"This sale demonstrates that demand is rebounding in global markets," PhosChem president Steve Paxton said.
PhosChem is the largest exporter of concentrated phosphate from ?xml:namespace>
Its member companies include Mosaic Crop Nutrition and PCS Sales, a subsidiary of Potash Corporation of
($1 = €0.71)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|