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.
The output of mineral fertilizers at the production facilities of the nitrogen holding company OSTCHEM of the Group DF reached a total of 1.57 million t in the period from January 1 to September 30, 2023. In particular, Cherkasy Azot produced 1.22 million t and Rivneazot 347,300 t of mineral fertilizers.
Trade has been slow on the urea market this week as players were waiting for the results of the Indian tender. On October 26, IPL has purchased about 1.7 million t of urea at $400/t and $404/t C&F India with shipments to the west and east coasts of the country, respectively.
Phosphate trade remains low in Brazil. The market is still seeing offers of MAP 11:52/12:52 at $540-50/t C&F. Some importers report a shift in shipping period of OCP-produced Moroccan fertilizers.
Up to 250 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of October 26 (down 41 units in two weeks). In particular, 223 wagons were moving on export routes (down 35 units), while 27 wagons arrived with imported goods (down 6 wagons).
The global phosphate fertilizer market remains nearly unchanged. Demand is low in Latin America, with quotes stable in most cases. MAP 11:52 is offered at $550/t C&F Brazil and $590-600/t C&F Argentina.
Earlier this week, Egyptian producers were offering granular urea at $420/t FOB. Fertiglobe sold 50,000 t of the fertilizer to EFC at $405/t FOB and 6,000 t at $400/t FOB. MOPCO sold 6,000 t of urea and a 10,000 t stem at $400/t FOB.
About 2,950 wagons were moving to the Izov station on October 11, including 938 wagons with cakes, 893 wagons with vegetable oil, and 246 wagons with grain. Up to 1,900 wagons were on their way to the Mostyska-2 station on that date, including 976 containers and 418 wagons with metals.
Export quotes for Egyptian urea have dropped this week. AlexFert has sold 6,000 t of the fertilizer at $420/t FOB for shipment in October.