Indian phosphates producer and importer Coromandel International (CIL) has reported settling the first-quarter phosphoric acid contract price at $1,290/t P2O5 cfr with 30 days' credit with North American producer Nutrien.
The price is steady on the fourth-quarter settlement between CIL and Jordan's JPMC, while Indian import prices for DAP — for which phosphoric acid is a key raw material — are down by more than $100/t since the beginning of October. But prices for dry bulk sulphur — a key raw material for phosphoric acid production — delivered to Indian ports have risen by almost $190/t at the midpoint in the same period.
Nutrien has not immediately confirmed the settlement.
