The owners of EuroChem Group AG have announced the possibility of forced mothballing of the Lithuanian fertilizer plant Lifosa (Kėdainiai) starting in October this year due to the impact of sanctions* that limit profitable activities.
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.
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.