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.
Despite an 18,000 slump in handling of general cargo to 172,000 t and a 2,000 t decrease in transshipment of liquid cargo to 21,000 t, the overall cargo turnover reached 665,000 t in Liepaja FEZ in April, showing a 31,000 t rise compared with March.
The Vadul-Siret – Dornesti (Romania) border crossing point handled about 151 wagons per day during May 1-15 (up 14.6 units compared with April).
Demand for phosphates remains strong in Ukraine. Note that Dnipro Mineral Fertilizer Plant plans to resume production of NP 10:32 and NP 8:22 next week.
The market for Egyptian urea has been inactive this week due to lower demand in Europe and falling prices in Brazil and the US.