24 March 2010 18:09 [Source: ICIS news]
LONDON (ICIS news) – Indian phosphate fertilizer importers are thought to have secured close to 5m tonnes of diammonium phosphate (DAP) under contract, fulfilling a substantial amount of the country’s 2010-11 import need, fertilizer sources said on Wednesday.
Indian buyers have agreed to purchase 300,000 tonnes of Chinese DAP from trader company Helm at $495/tonne CFR, plus another 90,000 tonnes - also of Chinese origin - at around the same price from trader Agor, according to the sources.
A further 350,000 tonnes of CF Industries’ DAP from the ?xml:namespace>
Previously, Indian buyers had already secured 2m tonnes from Phosphate Chemicals Export Association (PhosChem) at a fixed price of $500/tonne CFR (cost and freight), plus 1m tonnes from Russian producer PhosAgro.
Meanwhile, Jordan Phosphate Mines Company (JPMC) was expected to finalise a deal for 500,000 tonnes of DAP at a fixed price early next week, while Moroccan company Office Cherifiens des Phosphates (OCP) was expected to supply 300,000 tonnes of DAP under contract.
?xml:namespace>For more on phosphate fertilizers visit ICIS pricing fertilizers
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|