Price Changes of Urea, Ammonium Sulfate, Ammonium Phosphate, Triple Superphosphate and Potash Fertilizers from April 19 to April 26.
Urea：
This week, the rate of decline in international urea prices has slowed, especially in the Americas, where prices have remained stable. Demand in Argentina and Canada has increased. Some parts of Europe have seen a slight increase in urea imports.
Brazil: Urea prices have mainly remained at CFR $310-320 per ton. Influenced by the closure of the spring import window, prices in the US Nola area have stabilized at FOB $280-315 per ton.
East of Suez: Kaltim concluded a tender on April 22, selling at least two batches of 30,000 tons of large granular urea at slightly above the Indonesian FOB price of $305 per ton, with these shipments expected to head to Australia next month.
Meanwhile, spot prices in the Middle East have risen slightly to FOB $285-295 per ton. The high-end FOB price for Egyptian urea has risen to over $300 per ton, with the latest selling price at $302 per ton.
However, urea export regulations from China have once again disrupted the market, with reports suggesting that urea exports may be delayed until June or even July.
The international urea market is stabilizing. However, unsold stock remains in places like Iran, Egypt, and Algeria. The likelihood of India conducting tenders before June is slim. Urea imports to the USA have concluded, and Europe is nearing the end of its import season. Some buyers from Australia and Southeast Asia are providing short-term support to market prices, but urea prices are expected to decline again, potentially hitting a low in June or July.
Ammonium Sulphate：
The price of ammonium sulfate in China has risen, while the price of ammonium sulfate in Europe remains stable.
China: Ammonium sulfate prices are rising due to a decrease in the operating rates of caprolactam factories, with standard ammonium sulfate priced at FOB $118-125 per ton. Due to rising raw material costs, the price of granular ammonium sulfate has increased to FOB $140-145 per ton.
Europe: Ammonium sulfate prices remain stable this week. Standard ammonium sulfate is held at FOB $150-161 per ton, while prices for granular ammonium sulfate in Northwestern Europe have slightly dropped to $214-294 per ton. Prices are expected to stabilize over the next 1-2 weeks with the onset of the new season.
Philippines: An importer successfully bid for 8,000 tons of standard ammonium sulfate at a price of CFR $140 per ton, expected to be shipped to Sangi Port by May 20.
Sri Lanka: An importer received a quote for standard caprolactam-grade ammonium sulfate, with container prices ranging from CFR $170-200 per ton.
Pakistan: Ammonium sulfate prices have risen to $145-155 per ton this week. Despite an oversupply in the domestic market, rising domestic urea production costs have led more buyers to switch to ammonium sulfate as an alternative, boosting demand. Ammonium sulfate stocks are expected to reach 48,000 tons later this month, with an additional 25,000 tons expected to arrive.
Brazil: The ammonium sulfate market continues to remain calm. Market participants say that orders for the third quarter have exceeded 100,000 tons, with CFR prices ranging from $150-155 per ton. As buyers return to the market, spot demand in Brazil is expected to start rising towards the end of next month.
United States: Strong demand continues to drive up the price of ammonium sulfate in Nola. Over the week, the price of ammonium sulfate rose by $10 per ton, reaching FOB Nola prices of $400-410 per ton. In total, nearly 14,000 tons of ammonium sulfate will enter the port this month.
Ammonium Phosphate:
India: Approximately 170,000 tons of phosphoric ammonium from Saudi Arabia are priced at CFR $525-529 per ton. Koch sold 60,000 tons of phosphoric ammonium to IPL at a price of CFR $529 per ton, while IPL purchased 50,000 tons of phosphoric ammonium for May delivery from Ma'aden at a price of CFR $525-526 per ton.
Indonesia: Pupuk Indonesia has tendered to purchase 40,000 tons of phosphoric ammonium at a price of $530 per ton.
Southeast Asia: CFR prices for phosphoric ammonium have further declined to $530-550 per ton. With ample market inventory, importers are unable to purchase new goods.
China: FOB prices for phosphoric ammonium have dropped to $520-530 per ton. A trading company sold 15,000 tons of phosphoric ammonium to Mexico for delivery in May. Another Chinese trading company sold approximately 15,000 tons of MAP (11-44) to Brazil this week at an FOB price of around $440 per ton, with shipping costs of approximately $30 per ton for 50,000 tons of bulk cargo from China to Brazil. The current price for MAP (11-44) is around FOB $450 per ton, while the FOB price for MAP (10-50) is approximately $480 per ton.
Benelux Region: Prices for phosphoric ammonium remain stable. In Germany and Benelux, the FCA price of phosphoric ammonium is as low as €587 per ton, while in Ghent it is as high as €615 per ton. The FCA price of phosphoric ammonium in Rouen, France, is approximately €615 per ton.
Turkey: The CFR price of diammonium phosphate remains at $600-610 per ton, with the domestic market price equivalent to CFR $550 per ton.
Brazil: The CFR price for MAP (11-52) has stabilized at $570 per ton. A trading company sold 10,000 tons of MAP (11-44) from China at a price of $470 per ton.
United States: Domestic demand slowdown has led to a decline in phosphate prices. Diammonium phosphate FOB Nola prices have fallen by $22 per ton to $500-530 per ton, while monoammonium phosphate FOB Nola prices have decreased by $47.50 per ton to $480-485 per ton.
Argentina: 50,000 tons of diammonium/monoammonium phosphate were purchased at a CFR price of $595 per ton, with Chinese quotations dropping to CFR $580 per ton. Approximately 6,000 tons of Russian diammonium phosphate will be sold on the east coast of Mexico at a CIF price of $570 per ton.
Morocco: OCP sold less than 5,000 tons of diammonium phosphate to Western Europe at an FOB price of approximately $605-620 per ton, scheduled for shipment in April.
Egypt: NCIC's latest tender for diammonium phosphate was priced at FOB $580 per ton, with the most recent spot sales price at FOB $545 per ton.
Saudi Arabia: Ma'aden sold 50,000 tons of diammonium phosphate to India at a CFR price of $525-526 per ton, with an FOB price of $510 per ton.
The price of diammonium phosphate in India is nearing the break-even point, and imports are expected to increase. However, Chinese suppliers still face pressure as traders continue to short the market. With an increase in the supply of monoammonium phosphate from China and limited current market transactions, prices in Latin America are also under pressure before demand strengthens in the third quarter.
Triple Superphosphate:
Morocco: OCP has sold 6,000 tons of TSP to Latin America (excluding Brazil) with an FOB price of $410-445 per ton, expected to be shipped in May.
China to Brazil: The price for 46% TSP shipped to Brazil is quoted at FOB $420 per ton, and the 44% triple superphosphate is quoted at FOB $380 per ton.
Tunisia: This week, GCT's price for TSP is FOB $395-420 per ton.
Brazil: The price of TSP in Brazil has dropped by $10, now ranging from CFR $410-425 per ton.
Potassium Fertilizer:
Due to India not yet signing a new contract, standard potassium chloride prices continue to be under pressure. Currently, there are hardly any major global sales points for standard potassium chloride—China's inventory is high, and Southeast Asia, despite having a small amount of demand, is pushing for lower prices due to weak domestic prices and recent depreciations of the Malaysian and Indonesian currencies. This weak sentiment has led to a $10 per ton decrease in the high-end CFR prices of standard potassium chloride in Southeast Asia. Although Brazil continues to import the product at stable prices, overall demand remains steady, and the supply of granular potassium chloride is somewhat tight.
As of April 1, India's potassium chloride inventory stood at 1.07 million tons, more than double the amount from the same period last year, which was 500,751 tons. Ongoing negotiations for India's new standard potassium chloride contract put India in a relatively advantageous position.
As negotiations for the new contract in India drag on, standard potassium chloride faces increased pressure, and the contract is expected to be signed soon. Meanwhile, buyers in Brazil will continue to purchase potassium chloride over the next few weeks.
Attention: The above price information is for commercial reference only due to the diversity of information collected, and Kelewell is not responsible for the authenticity of the data.
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