OCP’s phosphate fertilizers are still offered to European consumers for shipments in December. Thus, OCP’s DAP is quoted at $614/t FOB Morocco for Germany, at $550-565/t FOB Morocco for Romania (spot stems) and at $680/t FOB Morocco for France (November-December shipments).
Trade is slow on the global urea market, with prices falling noticeably. In Egypt, granular urea has been sold in the middle of the week at $350-357/t FOB for December shipments, unconfirmed reports show. In addition, HFC has sold a total of 40,000 t of the fertilizer to Europe and Turkey at $355-360/t FOB.
Almost 9,200 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on November 23 compared with 11,600 wagons in late October.
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.