urea
Due to the shift towards short selling in the international market and a slowdown in demand from importers, urea prices have started to decline this week.
The urea bidding in India is an important event this week, with the lowest prices being $396 per ton for East Coast CFR396 and $399 per ton for West Coast CFR399. The net profit from trading to manufacturers in India is much lower than last week, but after the Indian bidding, market prices in most regions have declined, and the short-term outlook is weak.
The transaction price of small batches in Brazil has steadily decreased to $CFR415 per ton, a 10% decrease from last week's peak, and the quantity is only half of last week's. In October, the FOB price of Nora in the United States decreased to $350 per ton (CFR380 per ton). The demand in the European market is average, with a total demand of only a few thousand tons this week, and the price has dropped to CFR430-435 USD/ton.
New demand has emerged in Southeast Asia, Mexico, and Canada, but buyers seem to only want to determine their purchasing needs after understanding the impact of the logo.
The quantity and scale of shipments from China to India, as well as the ease of execution in the coming weeks, will have a significant impact on the overall market balance. The return of Indonesia and Brunei to the spot market will greatly alleviate the tense situation in the urea market.
Despite weak market performance in the short term, concerns about winter energy prices may continue to support non seasonal high demand throughout the third quarter.
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
Most caprolactam factories in Europe are still operating at low production capacity. According to new transactions and quotations, the standard caprolactam grade from Northwestern Europe is priced at $165-193 per ton FOB, and the price of granular materials is $270-330 per ton.
According to the latest quotation and indications, the price of standard ammonium sulfate in China was evaluated as 161-170 US dollars per ton FOB this week, lower than last week. There are no reports of any export transactions. The downward trend in the price of urea in China has also put pressure on the price of ammonium sulfate. The FOB price of MMA grade ammonium sulfate is $135- $145 per ton, but the quotation is limited and no transaction was reached this week. According to new trading and market signs, the price of extruded ammonium sulfate particles is estimated to be $195-210 per ton FOB this week. In addition, the transaction price for 10000 to 15000 tons of extruded particles shipped from August to September is $210 per ton FOB. Due to the bidding results for urea in India, importers are still on the sidelines, and Brazilian import demand is weak this week. Due to the uncertainty of urea bidding in India, the number of squeezed particle manufacturers receiving goods is limited.
Atlas in the Philippines has released a bid to purchase 6000 tons of standard ammonium sulfate, which will be shipped to the ports of Sangi and Davao before September 10th. The bidding will end on August 11th.
A Vietnamese importer hopes to purchase standard ammonium sulfate at a price of $140- $150 per ton of CFR for shipment in the second half of September for Compound Fertilizer production in October. The domestic price of standard ammonium sulfate from China is displayed as 4400-5600 dong/kg
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
Hebei Woldi Trading Co.,LTD
