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.
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.
The pace of sales has declined on the Egyptian urea market. Only small volumes of the fertilizer (1-2,000 t) have been sold at $337-338/t FOB. At the start of the week, producers were offering both prilled and granular urea at $345-350/t FOB, while later on some companies have started offering granular fertilizer at $340-349/t…… Read more »
Buying interest in phosphate fertilizers remains moderate in Brazil. Moroccan MAP 11:52 for shipments in December is offered at $570/t C&F. Russian-made MAP 12:52 is being purchased at $560-565/t C&F. The Indian company NFL has bought 50,000 t of Moroccan DAP at $594-595/t C&F for shipment in December.
About 185 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing as of December 19 (down 5 wagons in two weeks). By destinations, approximately 146 wagons with export cargo (up 10 units) and 39 wagons with imported goods (down 24 units) were handled daily in the period under review.
The phosphate market is generally calm, with players showing low activity, waiting and watching. In Egypt, only small lots are offered for sale. Some importers are requesting prices for Egyptian DAP, which are currently almost in line with Moroccan fertilizer.
Trade has perked up on the Egyptian urea market, with deals to sell at least 135-140,000 t of granular fertilizer signed at $340-350/t FOB. Abu Qir has sold 45-50,000 t of urea at the same price. HFC has signed a contract to sell 50,000 t of granular urea to Ethiopia at $345-350/t FOB Egypt…… Read more »