Cargo turnover increased by 444,000 t to 1.8 million t at the Freeport of Riga in December compared with November. This is mainly due to improved handling of dry bulk cargo (up 244,000 t to 977,000 t) and general cargo (up 207,000 t to 757,000 t).
The cargo turnover dropped by 230,000 t to 3.4 million t at the Port of Klaipeda in December compared with November. In particular, Klaipeda State Seaport reports a 132,000 t plunge in December transshipment volume to 2.7 million t. Handling of crude oil dropped by 98,000 t to 692,000 t at the Butinge terminal.
The Indian phosphate market has seen several new purchases of DAP. Thus, IPL has bought 45,000 t of the fertilizer from Ma’aden at $595/t C&F India for shipment in January. In addition, Ma’aden has sold about 60,000 t of DAP to India and Thailand at $595/t C&F and $600/t C&F, respectively.
The tender from Indian NFL has been the main event on the global urea market. The total volume of the fertilizer offered within the tender amounted to 2.8 million t, with no prices reported.
The phosphate market has been volatile in Brazil. MAP 11:52 is reportedly being offered at the same price as last week. However, Eurochem has started offering MAP 12:52 at lower prices.
Despite low demand on the global market, Egypt has sold some urea this week, with unconfirmed data suggesting contract prices of $330-340/t FOB. No fresh spot deals have been reported in the Middle East.
The pace of sales has declined on the Egyptian urea market. Only small volumes of the fertilizer (1-2,000 t) have been sold at $337-338/t FOB. At the start of the week, producers were offering both prilled and granular urea at $345-350/t FOB, while later on some companies have started offering granular fertilizer at $340-349/t…… Read more »
Buying interest in phosphate fertilizers remains moderate in Brazil. Moroccan MAP 11:52 for shipments in December is offered at $570/t C&F. Russian-made MAP 12:52 is being purchased at $560-565/t C&F. The Indian company NFL has bought 50,000 t of Moroccan DAP at $594-595/t C&F for shipment in December.
About 185 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing as of December 19 (down 5 wagons in two weeks). By destinations, approximately 146 wagons with export cargo (up 10 units) and 39 wagons with imported goods (down 24 units) were handled daily in the period under review.