Price Changes of Urea, Ammonium Sulfate, Ammonium Phosphate, Triple Superphosphate, Potash Fertilizers, and Compound Fertilizers from January 19 - January 26.
Urea：
Urea prices continued to rise this week, with a comprehensive increase. The Mediterranean and Black Sea markets were particularly active, with traders raising urea trading prices in Italy, Greece, Romania, and Bulgaria.
Egypt: The FOB quote for large granular urea reached up to $395 per ton this week.
Nigeria: The completion of the 30,000-ton urea sales tender for mid-February shipments may result in an FOB price of up to $350 per ton, an increase of about $30-35 per ton from previous prices.
Brazil: Urea procurement prices were mainly in the range of CFR $370-375 per ton, with quotes rising to CFR $380-385 per ton, but overall transactions were limited.
USA: The FOB price for barge urea briefly jumped to FOB $340 per ton, higher than the previous week.
Urea supply is expected to tighten in February, with limited production east of the Suez Canal and potential tenders from India contributing to price increases. Increased demand is anticipated from the United States, Europe, Australia, and Southeast Asia.
Ammonium Sulfate:
Northwest Europe: Limited demand and supply pressure prompted suppliers to adopt diversified pricing strategies. The FOB price for standard caprolactam-grade ammonium sulfate is $150-170 per ton, while the FOB price for granulated ammonium sulfate ranges from $220-290 per ton.
China: The FOB price for standard caprolactam-grade ammonium sulfate slightly increased to $135-143 per ton. The FOB price for MMA-grade ammonium sulfate was $120-130 per ton, higher than the previous week. The FOB price for granulated ammonium sulfate was $150-160 per ton.
Indonesia: Pupuk Indonesia completed the tender for the purchase of 20,000 tons of bulk caprolactam-grade ammonium sulfate, with a CFR price of around $160 per ton. The shipment is expected to be sent to Gresik by February 15, possibly from China, with freight costs of around $18-20 per ton, resulting in an FOB price of approximately $140-142 per ton after deducting freight.
Brazil: The market was relatively active this week, selling about 30,000 tons of compacted granular ammonium sulfate at a price of CFR 175-177 USD per ton. This has given suppliers enough confidence to raise their quotes to CFR 180-185 USD per ton.
USA: Ammonium sulfate prices have risen in several regions, with FOB Nola at $255-275 per ton and CFR prices at $260-270 per ton.
Ammonium Phosphate:
Suez Canal West: Russian and Moroccan diammonium phosphate and monoammonium phosphate are entering various markets in Latin America, but prices in Brazil and Argentina remain stable due to limited transactions. The CFR price for monoammonium phosphate in Brazil is $560 per ton.
China: The FOB price for diammonium phosphate remains at $580-592 per ton. Market participants suggest that the export situation for diammonium phosphate and monoammonium phosphate will become clearer after the Lunar New Year holiday.
Saudi Arabia: Ma'aden sold about 40,000 tons of diammonium phosphate loaded in February to India this week.
USA: The domestic Nola diammonium phosphate price has dropped for the first time in over two months, falling to $590-605 per ton, a decrease of $2.50 per ton from the previous week. The price of monoammonium phosphate in Nola remains unchanged, with an FOB price of $630 per ton.
Mexico: In February, 15,000 tons of Russian diammonium phosphate were shipped to Mexico at a CFR price of $570 per ton, along with nitrogen fertilizer to the east coast. Demand on the west coast of Mexico remains low but may rebound from February to March.
Morocco: OCP will sell 17,000 tons of diammonium phosphate and 13,000 tons of monoammonium phosphate to Latin America (excluding Brazil) in February, with FOB prices ranging from $545-560 per ton. Additionally, 6,000 tons of diammonium phosphate will be sold to Western Europe from January to February at FOB prices of $590-600 per ton.
Egypt: NCIC confirmed the sale of diammonium phosphate loaded in March at an FOB price of $620 per ton, destined for the United States. The manufacturer did not specify the exact quantity sold.
Overall, the market is mostly in a wait-and-see mode, with expectations for increased demand from India and Pakistan. The timing and quantity of China's resumption of supply are crucial. In the coming months, demand for monoammonium phosphate in Brazil and Argentina is expected to rebound, providing support for prices.
Triple Superphosphate:
China: Sold 3,000 tons of Triple Superphosphate to Indonesia at an FOB price of $420 per ton.
Brazil: FOB price for Triple Superphosphate is $470 per ton.
Morocco: CFR quote for Triple Superphosphate is $480-490 per ton, with shipments scheduled for February.
Brazil: Prices for Triple Superphosphate remain stable at FOB $420-430 per ton.
Potassium Fertilizer:
With the gap widening compared to potassium chloride, potassium sulfate suppliers are facing more resistance from buyers.
Potassium Chloride Market: Global prices still face downward pressure, reaching the lowest levels since February 2021 in Brazil. Prices for granular potassium chloride in Southeast Asia, the United States, and South Africa have also declined.
As of January 1st, India's potassium chloride stock is approximately 1.06 million tons, slightly lower than the previous month's 1.08 million tons. However, compared to the same period last year, this figure has increased by about 320,000 tons.
In recent months, the price trends of potassium chloride and potassium sulfate have been opposite. Potassium sulfate prices have been driven by global supply shortages, while potassium chloride prices have fallen due to weak demand. The gap is usually $200-250 per ton, but in some markets, it is now $250-275 per ton. The slowdown in potassium sulfate demand has made suppliers more cautious about raising prices, and if potassium chloride prices continue to decline, potassium sulfate prices may now be close to their upper limit.
Compound Fertilizers:
Most compound fertilizer market prices stabilized this week. However, the European market saw a slight increase, mainly influenced by the anticipated rise in demand.
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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