Morning. Int'l paper saw Mar Brazil ($400) & Apr AG ($387) hold value y'day, but bids generally cautious/pulled back in recent downtrend. Phys Nola urea finding bid support low $380's into FH April.
AG
Mar $395//$410
Apr $380//$390 – traded $387
May $360//$373
cfr Brazil
Mar $390//$400 – traded $400
Apr $375//$385
May $355//$375
Jun $360//$380
Jul $365//$385
Egypt
Mar $405//$419
Apr $385//$398
May $370//$388
Nola
Phys: Mar traded $384, $383, $382. FH Apr $383. FH May $370
Paper:
Mar $378//$384 – traded $383, $380
Apr $370//$384
May $345//$360
Jun $335//$350
UAN Nola
Mar $290//$305
Apr $280//$300
May $280//$300
Q2 $285//$300
DAP Nola
Phys: traded $618
Mar $610//$620
Apr $580//$615
May $570//$580
Morning. Int'l paper pulling back amidst recent thin phys activity, and India's continued absence (how much longer now?!). In Nola, little change in ideas, but activity subdued with tariff news being processed.
AG
Mar $395//$410
Apr $387//$390 – traded $387s
May $360//$373
cfr Brazil
Mar $390//$405 – traded $407, $400
Apr $380//$395
May $355//$375
Jun 360//$380
Jul $360//$385
Egypt
Mar $410//$419
Apr $387//$398 – traded 393
May $370//$387
Nola
Phys: Apr traded $378
Paper:
Mar $382//$384
Apr $370//$384
May $345//$360
Jun $335//$350
UAN Nola
Mar $285//$295
Apr $280//$300
May $280//$300
Q2 $285//$300
DAP Nola
Mar $610//$620
Apr $580//$615
May $570//$580 – traded $575
Dear,
I hope this email finds you well. This is Kun from ChinaFert.
We will be exhibiting at the Shanghai CAC Fshow, Booth No. 22M33, and we welcome you to arrange a meeting with us. Additionally, we will be attending the Argus Asia in Bali and IFA in Monaco. Please feel free to arrange a meeting in advance.
Weekly FOB prices
Ammonium Sulfate (Capro grade):FOB $150(Bulk)-Tianjin Port or River Port
Ammonium Sulfate (Mixed grade Granular):FOB $160(Bulk)-Tianjin Port
Ammonium Sulfate (Capro grade Granular):FOB $167(Bulk)-Tianjin Port
Potassium Sulfate (SOP) Powder: FOB $600(Break Bulk)-Tianjin Port
Potassium Sulfate (SOP) Granular: FOB $610 (Break Bulk)-Tianjin Port
Calcium Nitrate Granular: FOB $190(Container/Break Bulk)-Tianjin Port ($180FOB 250mt left)
Magnesium Sulfate(Flake): FOB$250(Container)-Tianjin Port
NP 20-20 : FOB $375 (Break Bulk)-Tianjin Port or Nanjin Port
NP 43-4 (Urea Based, High Tower):FOB $345-Tianjin Port
NK 40-0-5 (Urea Based, High Tower):FOB $355-Tianjin Port
Prilled Urea (9.5kg Bag):375FOB
Automotive Urea (9.5kg Bag): 385FOB
Financial Options: we can offer credit terms of 30-120 days for long-term stable clients. The interest rate will around 6% (annualized)
Upcoming Conference we will attend:
Argus-Asia-Bali,2025 (April 22nd-24th,2025)
IFA-Monaco,2025 (May12th-14th,2025)
Best Regards,
This message was deleted.
Granular Urea Tender dd 5th March
OE USD 427
For our internal only
H1 ?
Keytrade 400 for smaller qtty
Aditya <400
Oracle 390s
Camelot 390s
Ameropa <400 for lesser than 45k
Samsung low 390
Liven regret
Koch regret
Dreymoor regret
Rest still checking
indo OE: USD 427 FOB
Highest bid hearing 400
Morning. Int'l paper saw Mar Egypt slip back under $430, in otherwise 'stand-offish' mkts in search of further definition. In Nola, March barges came under early pressure, before eventually finding bid support at $385.
AG
Mar $402//$415
Apr $387//$400
May $355//$390
Cfr Brazil
Mar $402//$420
Apr $385//$407
May $365//$390
Jul-Aug $365//$385
Egypt
Mar $420//$430 – traded $427
Apr $392//$415
May $380//$400
Nola
Phys: Mar traded $388, $385, $384, $383, $385, $386. April $380
Paper:
Mar $380//$388 – traded $385
Apr $370//$384
May $345//$360
Jun $335//$350
UAN Nola
Mar $285//$295
Apr $280//$300
May $280//$300
Q2 $285//$300
DAP Nola
Mar $610//$620
Apr $580//$615
May $570//$600
https://hallgartenco.com/wp-content/uploads/2025/03/Potash_Review_March2025.pdf
LONDON (ICIS)—Hearing AG granular urea sales concluded at 415 FOB for April shipment.
Morning. Int'l paper saw Mar Egypt move higher, and repeat trade mid-$430s yday, while Nola Urea values largely sideways to start the week. Mkts framed:
AG
Mar $400//$420
Apr $388//$400
May $355//$385
Cfr Brazil
Mar $402//$425
Apr $390//$410
May $365//$390
Jul-Aug $365//$385
Egypt
Mar $435//$439 – traded $435s
Apr $395//$420
May $380//$400
Nola
Mar $385//$400
Apr $377//$387
May $350//$360
Jun $340//$350 – traded $345
Options:
APR $395 CALL traded $7
UAN Nola
Mar $285//$295
Apr $280//$300
May $280//$300
Q2 $285//$300
DAP Nola
Mar $610//$620
Apr $580//$615
May $570//$600
Hello again Francisco! Below is this week’s edition of the weekly phosphates update. MAP joins DAP and TSP in the firm trend, SSP temporarily stable. I will be off for the next three Fridays for a big holiday, so unfortunately there won’t be Friday updates for those weeks. If you do need to reach me I’m still around most of next week.
India: DAP is still at $636/t cfr, as a $660/t cfr spot sale of 45-50kt Australian DAP this week does not fall under the usual 5pc blanket import tariff.
OCP and India’s department of fertilizers should be reaching an agreement now/in the coming days for the supply of 1.6mn t DAP and 800,000t TSP for this year. There were rumours that the volumes were cut by a quarter but it doesn’t seem likely anymore. A lot of people are holding their breath to see at what level the share of the DAP to be sent over in this quarter will be priced, as it would likely fix the market price for the rest of the quarter. For the TSP I’m still hearing well below market prices
-Southeast Asia/China DAP: Southeast Asians are getting hungrier for DAP and keep enquiring from non-Chinese origin, as China remains closed, though they’re still banking on satisfying a large share of their demand through Chinese product once the country reopens. The China fob price was raise to $620-635/t on netbacks from Thailand.
We’re seeing offers of Chinese product for the May lots in the latest Ethiopian tender, and Chinese rock imports are stepping up, so the country could be getting ready to reopen in late April-May
European DAP: DAP prices keep firming, led by Germany/Benelux demand, and are now at $690-700/t fca. Availability is generally low, with OCP retreating from several markets, while Russian product is in low supply too
-Americas MAP and SSP: For the first time since September 2024, the Brazil MAP price moved, gaining $5/t at the high end. The market had remained largely dry of offer and demand, preventing much movement. But farmers are now slowly emerging with interest, meaning we could see several small increases going forward. This is also putting pressure on other Latin American countries, where prices are also likely to firm.
Brazilian importers secured a 100kt Saudi cargo this week on formula.
SSP demand remains strong in Brazil, but for now more deals are prevented by lower producer availability. So while this has kept the lid on prices this week, they could keep climbing going forward as long as Brazil remains hungry for SSP.
Meanwhile the US is stepping up MAP purchases for its spring applications amid warming weather, pushing up barge prices to $595-615/st fob. Phosphate prices could also find support from higher sulphur prices
Syrian rock: Talks are ongoing under the government's tender to sell 175,000t of phosphate rock on an ex-mine basis. The government likely got at least two bids before giving counter offers equivalent to around $120/t fob. This was not accepted by the highest bidder. The tender had offered 100kt of 29pc rock and 75kt of 30pc rock
March 3 (Reuters) – Argentina's farm sector brought in a total $2.18 billion through exports in February, a 45% increase compared to the same month a year earlier, the CIARA-CEC chamber of oilseed and grains crushers and exporters said on Monday.
The boost in export revenue was thanks to a presidential decree in late January that temporarily reduced grain export taxes, CIARA-CEC said.
Major agricultural associations had been expecting the decree due to low grains prices internationally and a drought.
Revenues from farm exports grew 5.2% in February from the month before, the chamber said.
The South American country is the world's top exporter of processed soy and a major producer of wheat and corn.
Exports are Argentina's top source of foreign currency, and the nation depends on them to boost its international reserves.
2 Iran tenders issued
Ethiopia urea scrapped
Aus Mkt
Brisbane going flat out
Summer crop mkt as you know
Sold out
Smaller warehouse
So need to manage stock turns & port calls
Newcastle will start to pick up this month 1/2 of all SOH contracted
Geelong sold out of Urea
Have resupply next month but there has been no break
Suppliers have contracted but Farmers don’t want collect until they see breaking rains
Sthn 1/2 of Vic have been in drought like conditions for 12mths
So competitors are approaching me wanting to be customers and utilise done floor space, it’ll be a shit show whereby a lot of pressure will be placed on suppliers to deliver product in a short space of time
There will be congestion & periods of no supply ex Geelong & potentially cargoes being cancelled
Stark contrast to last few years where record imports / sales with great rains across QLD, NSW & Vic after good harvests has seen farmers just continuing g to roll on with their businesses year after year