More than 9,200 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on November 16 compared with 11,600 wagons in late October.
DAP prices have been mostly growing on the global phosphorous fertilizer market. Indian importers are trying to resist this trend by making counter-offers within international tenders. Thus, on November 11, RCF has canceled a tender for the purchase of 45,000 t of DAP, having received only one offer at $600/t from C&F India.
In Egypt, prices for granular urea are hovering at $380-385/t FOB. Abu Qir offers the fertilizer at $380/t FOB and unconfirmed reports show sales of small volumes at this price.
The total transportation volume of mineral fertilizers by railways dropped by 76,000 t to about 201,000 t in October, showing a decrease of 27% compared with September.
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.
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.
The overall cargo turnover dropped by 139,000 t to 1.6 million t at the Riga Freeport in October, showing a decrease of 8% compared with September 2023.
As many as 3,500 wagons were moving to the Izov station on November 2, including 1,200 wagons with cakes, 457 wagons with vegetable oil, and 173 wagons with grain. About 1,600 wagons were on their way to the Mostyska-2 station on that date, including 900 containers.
The cargo turnover of the Port of Klaipeda increased by 1% in October compared with September.
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.