India 2012 Q4 phosphoric acid market

India phosacid Q4 price settles at $855/mt P2O5 CFR, down $30/mt As reported in the October 9 Market Alert, OCP has agreed the Q4 price for Moroccan phosphoric acid supply contracts with its joint venture partners at $855/mt P2O5 CFR with 30 days credit, down $30/mt on the Q3 price.
It is understood that the Moroccan supplier will ship around 80-90,000 mt/month P2O5 during the fourth quarter, below the normal allocation of around 100-110,000 mt/month P2O5.
The new price equates to a cash cost price for indigenous DAP in the mid $590s/mt CFR against ammonia pricing at over $700/mt CFR,which is above the established benchmark for imported DAP at $580/mt CFR.