*Policy watch*
Export policy changes expected soon.
Koch
30,000 BULK UREA – DAMIETTA/MISSISSIPPI OR WILMINGTON – 6,000 X/8,000 C & 10,000 C OR 8,000 C & 10,000 C – 24 APRIL/1 MAY
can you check with your pals in China what are the current prices for good quality caprolactam based granular/compacted Amsul today, fob bulk?
LONDON (ICIS)—Last night Nola barge values jumped to the highest level since December 2022.
A loaded barge traded at $470/short ton FOB. H1 May was last around 455-458st and full May at 435-438.
There is a rush to capture the US surge, but it is late to move any cargo to the US.
Urea
Brazil: Three regular suppliers have upped their non-sanctioned granular urea offers to $395/t CFR and up to $402-405/t CFR for May shipment to fast southern ports, including Paranagua and Rio Grande.
Traders say offers of May shipments from the Middle East are limited on the back of ongoing commitments to India under its latest import tender, in which the 885,000t booked will be largely sourced from the supply region and add that current buyer price ideas do not reflect higher replacement costs.
Yet, a large buyer has bought a lot of 15-20,000t of Omani granular urea off an inbound vessel in the mid $370s/t CFR Vitoria.
Pockets of demand continue to be reported, with a buyer seeking to purchase 15,000t of granular urea for Paranagua. The large buyer, which had been in the market to book 10-15,000t of granular product for May shipment to Sao Francisco since last week, has yet to purchase the part-cargo. It was reported previously that it had bought the tonnes on price formula.
A vessel of 60,000t of Iranian granular urea is scheduled to load from Assaluyeh towards the end of April for Brazil.
At Paranagua warehouses, bidding for prompt lots is reported at $440-445/t FOT bulk versus offers at $450-460/t FOT bulk, which reflect $390-400/t CFR to $405-410/t CFR.
USD 640 fob, June shipment, 50kg bags
Ciq is 40 working days <This message was edited>
Morning. Nola values ran higher again y'day w/ April phys up to $470 (+$20), May paper $438. Int'l paper taking somewhat of a back-seat, but offers cautious given recent US activity, and higher phys reports in Egypt ($395 early May).
AG
Apr $380//$392
May $383//$400
Jun $375//$395
Brazil
May $383//$397
Jun $370//$390
Q3 $365//$385
Egypt
Apr $385//$393
May $385//$400
Jun $380//$395
Q3 $360//$390
Nola
Phys: Apr traded $465, $470; Fh May $440, $458, $455. May $435
Paper:
May $427//$435 – traded $423-$438 range
Jun $385//$395 – traded $390, $395
Jul $360//$370 – traded $365
Aug $345//$355
Sep $355//$360
Q4 $345//$355
UAN Nola
May $355//$360 – traded $355
Jun $310//$350
Aug $250//$290
Sep $255//$295
DAP Nola
May $625//$640
Jun $590//$610
Q3 $585// $610
MAP Brazil
May $695//$710
Jun $690//$715
Jul $690//$710
Aug $690//$710
LONDON (ICIS)—In Egypt, MOPCO sold 30,000 tonnes of granular urea yesterday at $395/tonne FOB for early May loading. The producer is committed for H1 May.
The Ethiopian Agricultural Businesses Corporation (EABC) tender for urea closed 23 April. There were seven participants.
It appears that not all shipment dates received offers.
Offers reported so far are listed below, quoted $/t FOB including 30 days credit. As in previous tenders freights from Egypt and the Middle East are said to be similar with Nigeria commanding $20/t higher. The offer from the Russian Baltic may also prove competitive.
Lot 13 – Samsung Adabiya-Egypt $416
Lot 14 – Fertiglobe, Egypt-Adabiya $421
Lot 15 – Aditya Birla, Russia–Kotka $374.70
Lot 16 – ETG, Nigeria – Onne – $398.57
Lot 17 – Fertiglobe, Egypt-Adabiya $421
Montage Oil, Oman-Omifco $423
Lot 18
Lot 19 – Montage Oil, Oman-Omifco $423
Lot 20 – Midgulf, Oman-Sohar $405.60
Aditya Birla, Oman-Sohar $412.40
Lot 21
Lot 22 – Aditya Birla, Oman-Sohar $411.50
There was also an offer reported from SLDR from Russia-Ust Luga at $385/t but it is not clear for which lot this is offer was submitted.
Morning. Int'l paper subdued y'day as higher phys reports in N.Africa ($390-$392) and Indonesia ($402). Nola activity dominated however, as values firmed considerably; Apr phys traded +$20 to $450, May paper +$15 to $425.
AG
Apr $380//$390
May $380//$390
Jun $365//$385
Brazil
May $380//$388
Jun $363//$385
Q3 $365//$385
Egypt
Apr $385//$392
May $375//$388
Jun $365//$380
Q3 $360/$380
Nola
Phys: Apr $430, $440, $450; May $420, $425
Paper:
May $420//$425 – traded $410, $409, $420, $425 (multiples)
Jun $375//$385 – traded $375
Jul $345//$365
Aug $345//$355
Sep $355//$360
Q4 $345//$355
UAN Nola
May $350//$360
Jun $300//$350
Aug $250//$290
Sep $255//$295
DAP Nola
May $625//$640
Jun $590//$610
Q3 $585// $610
MAP Brazil
May $675//$700
Jun $690//$700
Jul $690//$705
Aug $685//$705
China Urea offers
Granular fob＄360
prilled fob＄340
global phosphate prices rocket to recent highs, Turkish producers are turning back to overseas markets. This follows a change in government policy to allow a "limited quantity" of exports over Q2, according to multiple sources.
Tender April 21st 2025
Kaltim GU
OE : usd 382.5
Top 3:
Ameropa 402
Agrifield 390
Liven 386
– Aditya low 380s
– Dreymore 370s
– Ameropa USD
– Samsung USD low 390 (not full lot)
– Heartychem USD mid 390 (small lot)
– Camelot USD high 380 (not full lot)
– Oracle USD mid 380 (small lot)
– Hexagon regret
– Koch Regret
– Golden Barley
Disclaimer : Above list is not final result, only based from shared information between bidder
LONDON (ICIS)—In Algeria, granular urea sale concluded at $392/tonne FOB for 10-15kt to Europe in May.
Morning. Int'l paper quiet yday with long holiday weekend for many as last week saw May contracts push higher. Nola still active w/ nearby and upriver barges receiving the biggest premium; Loaded traded $435, April $430. Looking to refresh bid/ask levels – mkts framed:
AG
Apr $380//$392
May $380//$395
Jun $360//$385
Brazil
May $385//$395
Jun $360//$385
Q3 $365//$385
Egypt
Apr $380//$392
May $375//$390
Jun $360//$380
Q3 $360//$380
Nola
Phys: Loaded $435; Apr $430; FH May $420; May $410
Paper:
May $402//$418
Jun $367//$378
Jul $345//$360
Aug $345//$355
Sep $355//$360
Q4 $345//$355
UAN Nola
May $345//$365
Jun $290//$340
Aug $250 // $285
Sep $255 // $295
DAP Nola
May $625//$640
Jun $590//$610
Q3 $585// $610
MAP Brazil
May $675//$700
Jun $690//$700
Jul $690//$705
Aug $685//$705