The global urea market has featured the approval by the Indian IPL to purchase 1.76 million t of urea at $396-399/t C&F for shipments to the east and west coasts of India by September 26. About 1.1 million t of this volume will be shipped from China, 350,000-400,000 t from the Middle East
A total of 1,302 wagons were waiting in a queue at the Izov station on August 1-16, while 1,219 wagons were standing at the Mostyska-2 station and 400 wagons at the Yahodyn station (170 units with grain, 59 units with clay, 66 units with cement, and 33 containers).
During the week, natural gas supplies to Egyptian urea producers resumed in full, but sales of granular fertilizers remained minimal. The latest deal was signed at $467/t FOB two weeks ago. Indicative quotes were hovering at $470-480/t FOB. Netbacks for granular urea sales to Ireland with shipments in August or September were within $455-460/t…… Read more »
Importers’ demand for phosphates started to decline in Brazil. EuroChem’s latest sales of MAP 12:52 were made at $500-510/t C&F for August-September shipments. Prices for MAP 11:52, which were of interest to consumers, rose this week to $515/t C&F. Indian state-owned companies GSFC and RCF each purchased 50,000 t of Moroccan DAP at $445-447/t…… Read more »
On August 9, a total of 1,639 wagons were waiting in a queue at the Izov station (556 wagons with ore, 329 wagons with metals, 434 wagons with cakes, 108 containers), while 1,046 wagons (483 with metals, 369 containers, 163 with grain, 30 with cement) were standing at the Mostyska-2 station.
At the Freeport of Riga, the cargo turnover increased by 97,000 t to 1.4 million tonnes in July compared with June 2023.
For the first time in the last five months of 2023, the stevedores of the Liepaja FEZ managed to step up the cargo turnover. Thus, they handled a total of 458,000 t of cargo in July compared with just 66,000 t in June.
As many as 289 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of August 3 (up 15 wagons compared with the previous week).
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.