Prices for phosphate fertilizers were mostly growing on the global market as demand from major consumers remained strong. Quotes surged after GSFC and RCF purchased Moroccan DAF for shipments in August and 1H September at $445-448/ton C&F India.
In Egypt, producers stopped offering urea as European buyers do not hurry to contract large volumes. Like all global market players, they are waiting for the results of the Indian tender. Only two offers of granular urea have been seen this week at $475/t and $490/t FOB.
The Polish port of Gdansk has received two ships (from Jordan and Morocco) carrying potash and complex fertilizers for Kernel and Sanagro Ukraine (Agrofertrans).
Demand for phosphates remains high in Brazil and market players expect it to remain at the same level in August. The latest MAP deals in Brazil were concluded at $470-480/t C&F.
Trade has been brisk on the Egyptian urea export market, with deals signed at $400-422/t FOB.
A total of 14,564 wagons were transferred through the Izov-Hrubieszów land border crossing point in July. The average daily handling speed amounted to 470 wagons (up 109 units per day compared with June). In July, the station daily handled 382 wagons with export cargo and 88 wagons with imported goods.
The Ukrainian phosphate fertilizer market is generally unchanged. Demand remains low.
In Egypt, urea prices have continued to rise this week, but holidays have started in the country that will last until Monday.
The average daily handling rate shortened by 16 wagons at the Yahodyn station during the period started July 1 and ended July 26.
Up to 145 wagons per day were transferred through the the Vadul-Siret – Dornesti (Romania) land border crossing as of July 25 (up 4 wagons compared with the previous week).