Due to another round of short covering by traders and new import demand, urea prices have significantly increased this week.
The Brazilian market is particularly active, with the price of all nitrogen fertilizers rising rapidly. The price of large granule urea is CFR345-365 dollars/ton, the price of Ammonium nitrate is CFR175-215 dollars/ton, and the price of ammonium sulfate is CFR180-185 dollars/ton. Several other markets in Central and South America have also bought or sought urea at similar prices, which has fueled bullish sentiment.
The continuous demand in Northwestern Europe and the Mediterranean region makes the transaction price of large granule urea exceed CFR400 dollars/ton for the first time in two months. The price of urea purchased from North Africa is FOB375-380 US dollars per ton, and there is expected to be more demand.
Compound Fertilizer, Monoammonium Phosphate, Potassium Chloride, Potassium Sulfate
The Southeast Asian market is relatively calm, with the local season ending and most transactions once again concentrated at FOB330 USD/ton.
The rapid rise in domestic prices may lead to uncertainty in supply and prices for shipments in August and September, especially for exports to India. The next urea bidding in India, as well as the scale of China's participation, may set the tone for the August market.
International price of small particle urea (in bulk) (unit: USD/ton)
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International Price of Large Granular Urea (Unit: USD/ton)
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ammonium sulfate
Due to the weak Caprolactam market, producers in Northwestern Europe have reduced the output of ammonium sulfate. At present, the overall operating rate of the factory is about 40%. It is expected that the spot supply will remain tight in July August. The standard ammonium sulfate price is 120-155 euros/ton FOB, equivalent to 134-173 dollars/ton FOB. The FOB price of granular ammonium sulfate in Northwestern Europe was 259-302 US dollars/ton. After the nitrate price rose and the supply was tight, the manufacturer's quotation was firm.
The FOB price of standard ammonium sulfate in China this week has increased from last week to $120- $125 per ton. This week, a Thai importer purchased 10000 tons of standard ammonium sulfate at a FOB China price of $120 per ton, and the goods were supplied by a Chinese trader. The strong demand for extruded particles in northern China has pushed the price of standard ammonium sulfate above $130 per ton. In the export market, buyers still hope to purchase goods priced at $120 per ton FOB this week. The price of MMA grade ammonium sulfate is stable compared to last week, with an FOB price of 95-100 US dollars per ton (in China). Due to the rise in raw material prices and strong demand from Brazilian buyers, the price of extruded particles is approximately $150- $155 per ton FOB China, higher than last week. According to reports, a batch of 5000 to 6000 tons of extruded granular ammonium sulfate was shipped to Brazil in August at an FOB price of 155 to 160 US dollars per ton.
This week, South Korea's Pung Nong completed the bid to purchase 3000 tons of Caprolactam standard ammonium sulfate. The lowest price for shipment at the end of July was 130 dollars/ton. The goods may come from China, with an FOB price of $120- $122 per ton.
This week, an importer in Thailand sent a purchase order to a Chinese trader for 10000 tons of standard ammonium sulfate, with a maximum price of $130 per ton, which will be shipped by the end of July.
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
