Indian fertilizer producer and importer Coromandel and Jordanian phosphates producer JPMC have agreed a second-quarter phosphoric acid price of $1,153/t P2O5 cfr India with 30 days of credit.
The price is up by $98/t P2O5 from the first-quarter price of $1,055/t P2O5 cfr India.
The price rise is driven by firming sentiment for DAP import prices in India — because of tight global supply and persistent demand — as well as rising sulphur costs and lower ammonia prices.
