Вантажi: Fertilizers and chemicals

            Demand for imported phosphate fertilizers has increased in Brazil, but most global suppliers have already sold out stems to be produced in July and August.

            Egyptian MOPCO has sold two 5,000 t lots of granular urea at $365/t FOB and $370/t FOB for shipments in late July.

            By the end of the reporting week, sales of granular urea have been made at $335-340/t FOB Egypt.

            Demand for phosphate fertilizers is moderate in Latin America. EuroChem’s latest deal to sell 5-10,000 t of MAP has been signed at $430-435/t C&F Brazil with shipment in late July or August.

            At the start of the week, activity of Egyptian urea producers was again minimal. Later on, deals for the sale of granular fertilizer have been concluded within $305-340/t FOB.

            Indian importers have been sluggish on the phosphate fertilizer market. Some players expected that the disclosure of the DAP offer prices received by RCF within the tender would show the actual level of quotes on the Indian market.

            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.