Phosphoric acid market news - 2012 Q1

06 Feb 2012 10:11 Valerie Rose
CHEMMONITOR.COM - OCP, a Morocco-based firm, has exercised price reduction of its first quarter contract prices for phosphoric acid. The cut concerns buyers located in Europe.
The values were curtailed by USD 50 (EUR 38) per tonne. They pegged at USD 950-1,085 per tonne free on board (FOB).
The company is still negotiating on first quarter prices with its Indian purchasers.
The buyers insist on a USD 150 per tonne decrease of the phosphoric acid contacts. As a result, the values will be at USD 930 per tonne cost and freight (CFR).