Sunflower oil market. Ukraine // Week 45
Prices for sunflower oil have increased in the Black Sea region as supplies from Ukraine declined. At the same time, major European, North African and Turkish importers are showing stronger demand.
Commodity markets
Nitrogen fertilizer market // Week 45
In Egypt, urea producers have returned to work and are operating at full capacity. However, trade remains minimal due to low demand from traders. This week, prices for granular urea are hovering at $400/t FOB. Abu Qir was offering the fertilizer at $395/t FOB Egypt.
Market of complex and potash fertilizers // Week 45
In China, phosphate export quotas for Q4 2023 are almost covered. According to market players, however, it is still possible to export about 200,000-300,000 t of fertilizers in December. Most producers offer DAP for shipments in November, but importers have reportedly requested shipments in December at $570-585/t FOB China.
Grain market. EU countries // Week 45
Export prices for EU grains have increased as the tender from Algerian OAIC was quite successful for local traders. Within the tender, traders sold 600-690,000 t of milling wheat at $266/t C&F (part of the volume was bought in France).
Grain market. Russia // Week 45
Russian grain suppliers have raised offer prices following the general market trend, supported by the tender in Algeria. Thus, OAIC has purchased a large volume of wheat from the Black Sea region and France. According to market participants, Russian wheat was the cheapest at the tender, but deals have been signed not for the…… Read more »
Grain market. Kazakhstan // Week 45
The situation remains difficult on the Kazakh grain export market. The country has almost completed harvesting (nearly 17 million hectares of areas processed, which is 98.7% of the plan), with 16.4 million t of grain collected. This volume includes 11.4 million t of wheat, but 40% of that harvest is ungraded grain.
Grain market. Australia // Week 45
Prices for Australian grains are falling amid rapidly progressing harvesting and increased offer.
Market of complex and potash fertilizers // Week 44
This week, Brazilian consumers are showing moderate demand for phosphates, but suppliers have raised MAP prices due to limited export volumes. The latest sales deals for MAP 11:52/12:52 have been signed at $565/t C&F for shipments in December.
Nitrogen fertilizer market // Week 44
In late October-early November, Egyptian plants have been offering granular urea at $410-420/t FOB. AlexFert and MOPCO each have sold 5,000 t of granular fertilizer at $410/t FOB for shipments in November. Meanwhile, Abu Qir offers prilled urea at $400/t FOB.
Coal market // Week 44
Quotes for imported high-calorie thermal coal have fallen in West Europe. Despite the upcoming season of active consumption, trade has not perked up significantly. Players have reported the signed deal for the supply of coal in December, as well as offers from Kazakhstan.