Market of complex and potash fertilizers // Week 18
In Latin America, demand for phosphate fertilizers remains low, with MAP prices gradually decreasing.
In Latin America, demand for phosphate fertilizers remains low, with MAP prices gradually decreasing.
Egyptian urea consumers continue to show high activity. Reportedly, KIMA sold 3,000 t of granular fertilizer at $366/t FOB Egypt in late April.
The cargo turnover dropped to 8 million tonnes at the port of Klaipeda in January-March 2023, down 18% year-on-year.
Demand for phosphate fertilizers has been low in Ukraine.
In Egypt, urea sales have been slow due to the holidays. In the middle of the week, KIMA has sold 10,000 t of granular urea at $360/t FOB Egypt.
Demand for phosphate fertilizers remains low in Latin America, with traders offering MAP 11:52 at $590-600/t C&F Brazil.
Sales of granular urea remain brisk in Egypt. Producers offer the fertilizer at $350-369/t FOB Egypt for shipment in April-May.
The Ukrainian phosphate fertilizer market is showing low demand.