The changes in prices of urea, ammonium sulfate, ammonium phosphate, Calcium triple superphosphate and potash from July 14 to July 21
Urea
Last week, Egyptian FOB urea prices broke above $400 per tonne for the first time since March and are now $120 per tonne above their June low. Plant shutdowns in Southeast Asia, Nigeria and elsewhere have cut export supplies.
U.S. and Brazilian urea prices have been high through the summer. Considering the limited spot supply and stabilized grain prices in August, industry insiders believe prices will rise further in September.
Ammonium sulfate
Driven by higher prices and Turkish enquiries for 12,000-15,000 tons of standard ammonium sulphate, enquiries from Europe increased last week as buyers started to return to the market. This is less attractive for European producers due to smaller order quantities and higher shipping costs. Standard ammonium sulfate prices rose to $146-179/mt fob NW Europe on the back of new offers. Granular ammonium sulphate prices rose slightly last week and were quoted at fob $259-308/mt.
MMA-grade ammonium sulphate prices rose slightly to $100-115/mt FOB China last week. Chinese extruded pellet ammonium sulfate prices were $160-165/mt FOB due to higher urea prices and strong demand from Brazilian importers.
Brazil's national stockpile stood at about 900,500 tons of extruded granular ammonium sulfate, up 120,000 tons from mid-June. According to the latest deals and offers, the price of extruded granular ammonium sulfate was $185-195/mt cfr, up from $180-185/mt cfr last week.
U.S. ammonium sulfate prices fell to around $200/mt last week.
Ammonium phosphate
Monoammonium phosphate (MAP) prices in Brazil and the United States moved up sharply last week due to tight supply and increased import demand. Diammonium phosphate (DAP) trends east of Suez were mixed, with prices softening in the Indian market but offers from China rising.
NOLA phosphate prices rose last week due to tight supply of monoammonium phosphate within the U.S. as demand picked up. Monoammonium phosphate rose to $475-525/mt FOB from $460-470/mt FOB last week. This is the highest level since early May.
Diammonium phosphate prices followed the trend of monoammonium phosphate, but increased less, reaching $445-460/mt fob NOLA from $435-440/mt fob NOLA last week.
China's diammonium phosphate FOB prices went to $420-431/mt from $420-425/mt last week. Industrial monoammonium phosphate prices remained at $660-670/mt FOB.
Brazilian monoammonium phosphate prices rose $15 reaching $465-475/mt CIF.
Russian monoammonium phosphate sales for August shipments appeared at $460-470/mt CFR.
Germany's diammonium phosphate price of 500-510 euros per ton; Italy and Morocco's diammonium phosphate price of $ 460 per ton; Russia's diammonium phosphate price of $ 535-540 per ton; the United Kingdom's diammonium phosphate price of 500-510 pounds per ton; Turkey, Morocco's products are sold at $ 520 per ton CIF, and the Egyptian product is quoted at $ 510 per ton CIF.
Calcium triple superphosphate
Brazilian Calcium triple superphosphate prices firmed again last week, rising $15 to $380-385/mt.
Tunisian FOB prices last week were $375-390/mt. GCT reported that it sold 3,000 mt of heavy calcium to Europe at $370/mt FOB.
Morocco's Calcium triple superphosphate rose to $363-395/mt FOB.OCP reported selling less than 5,000 mt of Calcium triple superphosphate to Western Europe in July at $370-395/mt FOB.
Potassium fertilizer
Supply uncertainty caused Canpotex to withdraw all offers from the market on July 19, while Nutrien announced cuts at its Cory Mine last week, and Nutrien announced further cuts at its Rocanville mine. Some markets are experiencing supply issues due to the supply situation in Canada.
Other suppliers may take advantage of this situation to increase prices.
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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