Market of complex and potash fertilizers // Week 30
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.
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).
As many as 267 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of July 20 (up 2 wagons compared with the previous week).
Rivne Azot (part of OSTCHEM/Group DF) has resumed operations of its ammonia production shops with a capacity of 1,350 t per day and ammonium nitrate production shop with a capacity of 1,560 t per day after modernization.