Market of complex and potash fertilizers // Week 16
Demand for phosphate fertilizers remains low in Latin America, with traders offering MAP 11:52 at $590-600/t C&F Brazil.
Commodity markets
Nitrogen fertilizer market // Week 16
Sales of granular urea remain brisk in Egypt. Producers offer the fertilizer at $350-369/t FOB Egypt for shipment in April-May.
Steel scrap market // Week 16
Demand for imported steel scrap is weak in Turkey due to extremely unfavourable situation on the market for finished steel products.
Iron ore market // Week 16
Iron ore quotes have fallen again in China due to growing offer of the raw material from major miners, steel production curbs in China and, as a result, slackened ore demand from local steel mills.
Sunflower oil market. Ukraine // Week 16
The export pace remains low on the Ukrainian market due to shipping delays within the grain corridor (the Russian side is delaying inspections), as well as amid holidays in Turkey.
Grain market. EU countries // Week 16
No clear trend could be seen on the EU grain export market. Prices for German wheat have grown slightly, while those for French wheat are a bit down.
Grain market. Ukraine // Week 16
The Ukrainian grain export market has been showing mixed price trends. During the week, the Russian side has once again blocked vessel inspections within the “grain corridor” in the territorial waters of Turkey, which brings uncertainty to the trade process.
Soybean market // Week 16
In the US, soybean quotes are affected by slowing sales and exports from the country, as well as by large offer of Brazilian oilseeds. Meanwhile, Refinitiv Commodities Research has raised the US soybean production forecast to 122 million t (up 1 million t to the previous estimate).
Grain market. Australia // Week 16
In Australia, feed barley prices have increased amid slower sales. At the same time, wheat export quotes have fallen noticeably due to increased offer.
Iron ore market // Week 15
Iron ore prices have started going down in China after the last week’s increase. Despite the fact that iron ore stockpiles dropped to almost a six-month low at local ports, demand for all origins has weakened due to the ongoing slowdown on the market of finished steel products, deteriorated by expectations of new production…… Read more »