Iron ore market // Week 49

December 13, 2022

            Quotes for imported iron ore have surged rapidly in China, firstly, owing to the government’s support of the domestic real estate sector; secondly, due to ongoing easing of quarantine restrictions in the country;

Coal market // Week 49

December 13, 2022

            Coal import quotes have inched up in ARA ports, but European consumers do not hurry to book additional volumes. At the same time, LNG supplies to Germany begin within the policy of diversification of fuel purchases.             In Turkey, prices for Colombian coal hold steady, while quotes from Russian suppliers have even sagged this… Read more »

Nitrogen fertilizer market // Week 49

December 13, 2022

            One of the Middle Eastern producers signed the deal for the supply of 40,000 t of granular urea with shipment in late December at $490/t FOB Middle East. Thus, since last week, the estimated fertilizer price for non-US markets has dropped by $59/t on average in Middle Eastern ports.