03 September 2012 09:19 [Source: ICIS news]
However, domestic MAP prices have declined continuously over past two months, so the company has to shut MAP unit again, the source added.
Domestic MAP Prices fell from yuan (CNY) 2,700/tonne ($425/tonne) on 1 June, to CNY2,450/tonne on 1 September, according to Chemease, an ICIS service in
The shutdown is expected to have little impact on the domestic MAP market, and producers expect stable prices, the source said.
MAP demand in August and September is likely to be lower compared with the same period in 2011, according to Chemease data.
Downstream nitrogen phosphorus potassium (NPK) producers operated their plants at 40-50% of capacity on average in August, according to data from Chemease, according to the data.
($1 = CNY6.35)
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