China’s Yunnan Three Circles-Sinochem-Cargill shuts DAP plant

23 May 2012 08:20  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yunnan Three Circles-Sinochem-Cargill Fertilizers will restart its 600,000 tonne/year diammonium phosphate (DAP) plant in the Yunnan province when sales improve and feedstock phosphoric acid is freely available, a company source said on Wednesday.

The company shut the plant on 10 May because of lack of phosphoric acid as well as weak domestic demand, the source added.

The source said DAP demand is typically weak from late April to June.

Prices for 64% DAP have fallen to CNY 3,150-3,240/tonne ($498-513/tonne) for China's southwest market from CNY 3,180-3,260/tonne a month ago.

($1 = CNY6.32)

By: Natalie Hui

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