"PhosChem said late today that it has reached a three-year agreement to supply 6 million mt of DAP to India"
Looks like the Indians are trying to get some price security in a volatile market. It does make you wonder that if the long term price of DAP was downwards, why would you as a national buyer, lock in prices now? The sellers get price security and a way of locking their balance sheets up. AD should have some interesting news from this conference where the deals are being done...
AEV Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
