Market of complex and potash fertilizers // Week 24
As for the phosphate fertilizer market, MAP quotes continue to decline in Brazil. Traders have cut prices to $450/t C&F Brazil. Russian suppliers have sold several lots at $440/t C&F Brazil.
As for the phosphate fertilizer market, MAP quotes continue to decline in Brazil. Traders have cut prices to $450/t C&F Brazil. Russian suppliers have sold several lots at $440/t C&F Brazil.
In the first half of the week, Egyptian urea producers were waiting for the results of the Indian tender, so trade has perked up only in the second half.
Prices have fallen sharply on the phosphate fertilizer market.
Trade was sluggish on the urea market in the first half of the week, but later on a number of fresh contracts have been reported, with conditions stipulating the supply of imported granular urea at $286-290/t FOB Egypt.
About 261 wagons (two wagons more compared with the previous week and down 27 wagons against April) were transferred through the Chop – Čierna nad Tisou land border crossing as of May 23, including 190 wagons with ore (down 24 units compared with April), 22 wagons with grain (down three units), etc.
The overall cargo turnover dropped by 12% to 11.07 million t from January 1 to April 30, 2023 at the port of Klaipeda compared with the same period of 2022.
The pace of trade remains low on the phosphate market.
Trade has been minimal on the Egyptian urea market in the second half of May.