Market of complex and potash fertilizers // Week 36
In Latin America, demand for phosphates remains low, with prices for Russian and Moroccan-made MAP hovering within $530-540/t C&F Brazil.
In Latin America, demand for phosphates remains low, with prices for Russian and Moroccan-made MAP hovering within $530-540/t C&F Brazil.
A total of 1,400 wagons including 229 wagons with sunflower oil, 278 wagons with cakes, 345 wagons with ore and 103 wagons with metals were moving to the Izov station on August 30.
This week, importers’ demand for phosphates has decreased in Brazil. Only customers applying fertilizer for soybeans may be interested in purchasing MAP with shipments in August and early September. The next wave of purchases is expected for the second application (for corn) starting in February 2024.
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).