Indian urea import tender announced, BCIC tenders for 25,000 tons of phosphate rock, international potash market remains stagnant International Potash Market News
Status of the 22nd bids from India and Indonesia: The international potash market is still at a standstill, with all eyes awaiting the price of the large Indian contract and Pupuk's standard potassium chloride bid (postponed indefinitely this week) without any progress for the time being. There are reports that Pupuk wants to get some leads in the Indian contract before awarding it. But again, those involved in the Indian contract negotiations are hoping to get a price lead from the Pupuk tender for the 22nd negotiation. For now, the market remains on the sidelines, with the exception of the US, where prices for granular potassium chloride barges rose this week for the first time in almost five months due to increased demand as spring approaches.
International Nitrogen Fertilizer Market News
Indian urea import bids announced: March 3, India IPL urea import bids, a total of 19 companies received bids, a total of 3.274 million tons, 1.487 million tons on the East Coast, 1.697 million tons on the West Coast, FOB sources of 90,000 tons. the lowest CFR price East Coast Liven $ 334.8 / ton, West Coast OQ trading company $ 330 / ton.
International phosphate fertilizer market news
(1) Bangladesh: BCIC (Bangladesh Chemical Industries Corporation) tendered for 25,000 tons of phosphate ore, which is expected to end on March 17. BCIC requires a minimum BPL content of 72% phosphate ore and the transaction must be completed within 30 days after the issuance of the letter of credit. 329.85 USD/ton.
(2) India: RCF (Rashtriya Chemicals and Fertilizers) reportedly canceled a tender for 35,000 tons of phosphate ore that ended on Feb. 10. The company received four offers for Jordanian ore and two offers for Senegalese ore in the tender. One of the offers was rejected after a technical check. The remaining five offers were for $218.50-238.95/mt CRF. Trading company Agrifields offered a minimum CFR of $218.50/mt for Jordanian ore. RCF requires a minimum phosphate ore grade of 32% and requires shipment within 30 days of order placement.
(3) Canada: Leading phosphate company signs MOU with Pravon On February 24, emerging Canadian phosphate ore producer First Phosphate signed a memorandum of understanding with European phosphate company Pravon for the two sides to consider a long-term purchase agreement.
Earlier this month, the company began exploration drilling in the Begin Lamarche field in the Saguenay-Lac-Saint-Jean area of Quebec. First Phosphate covers more than 1,500 square meters in the Saguenay Lake-Saint-Jean area and is targeting supplies to the lithium iron phosphate industry. The company was listed on the Canadian Stock Exchange on February 22 and on the Frankfurt Stock Exchange on February 28.
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