OCP agrees Q3 phosphoric acid contract in India up $5/tonne

24 June 2010 14:19  [Source: ICIS news]

LONDON (ICIS news)--Moroccan phosphate fertilizer producer and exporter Office Cherifien des Phosphates (OCP) has agreed phosphoric acid contracts up by $5/tonne (€4/tonne) as phosphate markets continued to firm worldwide, trader sources said on Thursday.

The deal, with Indian buyers Zuari and TataChem, was agreed at $780/tonne P2O5 (nutrient content) CFR (cost and freight) with 30 days’ credit.

A delegation from Groupe Chimique Tunisien (GCT) was expected in India around 28-30 June to discuss contracts with Coromandel and other buyers.

Phosphate markets are firm on healthy demand emerging in Pakistan, Turkey, Latin America and Bangladesh, as well as continuing contract shipments to India. Most major exporters are fully committed for July.

Phosphoric acid is used in the production of phosphate fertilizers.

($1= €0.81)

For more on phosphate fertilizers visit ICIS pricing fertilizers
To discuss issues facing the chemical industry go to ICIS connect

By: Mike Nash
+44 20 8652 3214

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.

Printer Friendly