A major Indian importer has bought 100,000t each of DAP and TSP for shipment from Morocco in June-July.
Half of the quantity for each product will be delivered to each of India's east and west coasts.
The DAP is priced at $935/t cfr east coast and $930/t cfr west coast India. This is in line with awards under IPL's tender in May, which secured more than 1.3mn t of DAP.
The TSP is priced at $710/t cfr for both east and west coasts. This is in line with IPL's counterbids under its tender in May, after getting offers for 410,000t at prices ranging from $770-850/t cfr.
The prices in this sale are likely to net back to the $880s/t fob Morocco for the DAP and the $660s/t fob for the TSP.
