The changes in prices of urea, ammonium sulfate, ammonium phosphate, Calcium triple superphosphate and potash from July 21 to July 28.
Urea
Urea prices rose again by 10-15% last week due to tight supply and strong demand.
Demand in the Atlantic region, particularly in the US, Brazil, Argentina and Northwest Europe, continues to grow at a higher than normal rate.
U.S. prices rose $66/mt last week, with NOLA recently trading at $463/mt CFR by barge, which is a premium to unseasonal demand in Brazil, which peaked at $420/mt CFR in the early part of the season.
Except for India's upcoming urea import tender, demand east of Suez is mediocre, but supply remains tight.
Chinese urea size pellet prices rose by about $45/mt last week to $380-400/mt FOB.
Southeast Asia has little spot available in the short term, so traders are looking to the Middle East to book shipments at FOB $400/mt.
Demand from out-of-season markets such as Europe and the U.S. is likely to slow as prices rise, and India's urea tenders should be the next important market in August.
Ammonium sulfate
Prices stabilized last week as nitrogen prices rose in Europe and plants continued to ration production. Standard caprolactam grade ammonium sulfate prices were $144-183/mt FOB. Supplies of granular ammonium sulfate were tight, with FOB prices in Northwest Europe at $260-310/mt.
According to the latest quotations and the deals made, China's standard ammonium sulfate price was $135-145/mt FOB last week. 10,000-15,000 mt of standard ammonium sulfate may be shipped to Africa at $130-135/mt FOB in August.
MMA-grade ammonium sulfate prices rose slightly to $115-120/mt FOB China last week. Extruded granular ammonium sulfate prices were at $170-185/mt FOB last week due to soaring raw material and urea prices.
Atlas Philippines bought 8,000 tons of standard ammonium sulfate at a cost of around $160/mt for August shipment to Sangi port.
An importer in Myanmar received an offer of 50 kg bags of granular ammonium sulpate for last week's container shipment at a CIF price of $185/mt.
An importer in Thailand requested 8,000 tons of China-origin granular ammonium sulfate for August shipment.
Buying demand picked up in Paraguay last week, with ammonium sulfate prices rising to $270/mt CFR from $255-260/mt.
On the background of new trades and offers, the price of extruded granular ammonium sulfate in Brazil rose to $195-215/mt CFR.
Ammonium phosphate
Bullish sentiment was strong east of Suez, with prices consolidating steadily due to tightening supply and sustained demand. DAP prices in India rose to around $440/mt from $435/mt with the recent rise in tender offers.
DAP prices in China also recovered to $440-455/mt FOB, mainly due to higher offers as producers increased potential sales to Nepal and Bangladesh.
West of Suez, Brazilian MAP prices rose to $470-480/mt, Russian offers were out of the market, and Argentine DAP/MAP prices rose to $490-500 /mt CFR, according to the latest data.
The latest news of Bangladesh procurement tender, of which 120,000 tons of DAP bid. Traders' bidding offer for DAP is $514-515/mt CFR, and the bidding sources are all from China.
Calcium triple superphosphate
High-end prices for Brazilian Calcium triple superphosphate rose by $5/mt to $380-390/mt.
Pricing for 46% Calcium triple superphosphate produced domestically in Bulgaria fell to €435/mt by July 25, down from €475/mt in June.
France's July-October offerings were priced at €445/mt for bulk Calcium triple superphosphate and €475.50/mt for 600kg bags of Calcium triple superphosphate.
Morocco's OCP sold 13,000 tons of Calcium triple superphosphate to Western Europe at $380-395/mt fob equivalent.
Mosaic and Nutrien launched their U.S. summer fill program, which is attracting buyers with strong demand expected.
In Brazil, prices continue to rise and are now quoted at $360/mt CFR and above.
Romanian importer Azochim has purchased 12,000 tons of granular potassium chloride from Laos.
Unionized workers at the Port of Vancouver will vote on a tentative agreement last week to end a weeks-long labor impasse. Port workers have returned to work.
Prices in Brazil and the U.S. are set to rise further with expected strong demand. Combined with recent Canadian supply issues, this will drive prices higher. In the East, India will attract more product as new contract prices are likely to be announced.
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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