Nitrogen fertilizer market // Week 52, 2023 – week 1, 2024
The tender from Indian NFL has been the main event on the global urea market. The total volume of the fertilizer offered within the tender amounted to 2.8 million t, with no prices reported.
Commodity markets
Steel scrap market // Week 52, 2023 – week 1, 2024
Demand for imported steel scrap was weakening in Turkey in late December as local metallurgists faced difficulties in selling finished steel products. In early January, however, buying interest increased slightly, and several deals were concluded at a bit higher prices.
Iron ore market // Week 52, 2023 – week 1, 2024
Prices for imported iron ore are climbing up in China. They have reached the highest levels in the past year and a half by January 5 owing to optimistic outlook for the developments in Chinese ore consuming industries and rumors about possible reduction in supplies from Australia.
Coal market // Week 52, 2023 – week 1, 2024
Quotes for imported thermal coal have nominally declined in Europe over the past two weeks as market participants suspended negotiations for the holiday period.
Sunflower oil market. Ukraine // Week 51
The offer prices for sunflower oil have generally decreased in the Black Sea region. However, quotes from Ukrainian sellers are growing on the Turkish market: the oil is offered at a price not lower than $880/t CIF Izmir,
Coal market // Week 51
The West European market for imported thermal coal is stable. Trade is slow, with prices staying at last week’s levels.
Steel scrap market // Week 51
This week has finished without a single purchase of imported steel scrap by Turkish consumers, which is quite typical for this time of year. Local mills are currently focused on selling finished steel products. Meanwhile, main scrap producers have left the market for Christmas holidays.
Iron ore market // Week 51
World iron ore prices have increased slightly amid improving economic prospects in China. However, trade in the segment of finished steel products in China has slackened due to approaching long winter holidays.
Market of complex and potash fertilizers // Week 51
The phosphate market has been volatile in Brazil. MAP 11:52 is reportedly being offered at the same price as last week. However, Eurochem has started offering MAP 12:52 at lower prices.
Nitrogen fertilizer market // Week 51
Despite low demand on the global market, Egypt has sold some urea this week, with unconfirmed data suggesting contract prices of $330-340/t FOB. No fresh spot deals have been reported in the Middle East.