Market of complex and potash fertilizers // Week 5
No fresh deals have been reported on the global DAP market. Offers come within $658-687/t FOB Baltic ports.
No fresh deals have been reported on the global DAP market. Offers come within $658-687/t FOB Baltic ports.
Several fresh deals for urea supplies in February have been signed in Egypt this week. At the same time, spot trade remains dull in Europe.
The DAP market has been showing lower prices within deals signed by Indian importers in recent weeks. In particular, the state-owned RCF company has purchased two fertilizer stems of Russian origin (about 30,000 t each) with shipments in Jan and Feb at around $705/t and $695/t CFR India, respectively, while a little earlier NFL…… Read more »
Stevedoring companies of the Ventspils Freeport processed almost 1.3 million tonnes of various cargo in November. Note that the overall handling volume was 255,000 t higher in October.
The overall volume of cargo handled by the stevedores operating at the port of Klaipeda has not changed much in November compared with October 2022. So, a total of 3.7 million tonnes of goods were processed in November (down 7,000 t against October).
Last week’s decline in urea offer prices significantly spurred purchasing activity in Egyptian ports, allowing local producers to sell at least 80,000 t of granulated fertilizer with Jan shipment within the price range of $535-565/t FOB.
After a series of deals signed at $725-730/t CFR India last week (due to long delivery, particularly from Russia, and probably only to replenish stocks), purchasing activity has slowed down on the Indian phosphorous fertilizer market, but there is still some activity in the country.