Nitrogen fertilizer market // Week 14
The Middle Eastern urea market remains inactive. According to unconfirmed reports, a fertilizer stem was sold at $285/t FOB.
The Middle Eastern urea market remains inactive. According to unconfirmed reports, a fertilizer stem was sold at $285/t FOB.
Demand for phosphate fertilizers has been moderate in Brazil this week as consumers expect prices to fall.
The stevedoring companies operating in the Port of Klaipeda stepped up handling of various types of cargoes by 10% month-on-month to 3.4 million t in March 2023, exceeding the February handling volume by 309,000 t.
In mid-March, an Egyptian producer sold granular urea at $350/t FOB, so this week prices have dropped to $330-345/t FOB Egypt.
According to the agreement between OCP and BADC, OCP will supply 40,000 t of DAP to Bangladesh at a price of about €560/t FOB Morocco.
Vadul-Siret – Dornesti (Romania) land border crossing served about 191 wagons per day in the period from March 1 till March 21 (two trains on a 1520 mm gauge track and two trains on a 1435 mm gauge track).
Azot (Cherkasy) and Rivne Azot have increased the load of their production facilities to 70% and 50%, respectively. Azot (Cherkasy) is currently producing ammonia, ammonium nitrate and urea, while Rivne Azot has launched an ammonia shop, an ammonium nitrate shop and a CAN shop.