Hebei Woldi Trading Co.,LTD
Compound Fertilizer, Monoammonium Phosphate, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
Due to strong domestic demand in Indonesia in the first half of the year, Pupuk Indonesia shifted its main market to the domestic market, resulting in a 22% decrease in urea exports from January to June. According to GTT data, the total export volume of Indonesia during this period was 641900 tons.
Urea exports continued to decline from January to April and June, with the exception of May due to tight urea supply in major Asian markets, which led to an increase in exports over the course of the year. Due to other Southeast Asian producers withdrawing from the spot market due to production issues at their factories, Pupuk Indonesia issued a tender for urea sales in May to meet regional demand.
The Philippines was the largest export destination for urea in Indonesia from January to June, with exports increasing by 71% year-on-year, reaching 145200 tons. Exports to Vietnam increased by 92% to 85500 tons, mainly due to Vietnam's demand increasing with more rainfall, resulting in a surge in deliveries between May and June. But exports to Australia decreased by 47% to 116200 tons, with shipments in April and June being the lowest.
Indonesia's urea exports decreased by 25% year-on-year in June, to 152700 tons. The shipment volume to the Philippines has increased nearly six times compared to the same period last year, reaching 59600 tons, while the export volume to Vietnam is nearly three times higher than the same period last year, reaching 26000 tons.
However, due to internal affairs and domestic market commitments, Pupuk Indonesia is still outside the spot market this month and has postponed urea sales bidding, which may result in a decrease in exports in July. The manufacturer returned to the spot market on August 9th and won the bid to sell a total of 35000 tons of urea for export.
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
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