PHOSPHATESConcern over implementation of Indian GST hits...

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PHOSPHATES Concern over implementation of Indian GST hits demand South American MAP/DAP demand remains lacklustre and prices ease Q3/Q4 Moroccan phos acid settled at $567 P2O5 cfr India NITROGEN Further NOLA granular urea barges re-exported Granular urea prices in Egypt move down to $192 fob Ostchem restarts Cherkassy and possibly Severodonetsk AMMONIA Tampa price for July settled at $240 cfr, down $25 Mitsubishi sells 7,000 t to CPDC of Taiwan at $219 cfr and 15,000 t to CIL of India at $215 cfr In Russia, TogliattiAzot takes down two ammonia lines Mosaic’s new-built ammonia barge complete, under testing POTASH Chinese contracts remain outstanding; inventories estimated at 3.6-3.7 million t including inland volumes Brazil prices remain flat at $260-270 cfr K+S produces first tonne of MOP at Bethune mine ahead of schedule SULPHUR Prices for China and Middle East firm across month Contract negotiations for Q3 begin in earnest

China breaches $100 cfr for granular sulphur imports