Morning. On Int'l paper, rumours of India's return brought AG bids up y'day, as March traded into mid-$480s, after which offers showed caution. Nola Urea values largely held (Feb/Mar phys mid-upper $450s, Mar paper $450), while Mar DAP paper traded low-$640s (+$2). Mkts framed:
AG
Feb $475//$495 – traded $475
Mar $480//$495 – traded $480, $485
Apr $460//$480
cfr Brazil
Feb $470//$482
Mar $475//$490
Apr $468//$474
Egypt
Feb $495//$510
Mar $485//$505
Apr $480//$505
Nola
Phys: Feb $455, $457. Mar $454
Paper:
Feb $454/$465
Mar $450//$457 – traded $450
Apr $430//$445
May $395//$405
Jun $375//$395
Brazil Amsul
Feb $200//$220
Mar $205//$220
UAN Nola
Feb $315//$340
Mar $340//$350
Apr $340//$350
DAP Nola
Phys: Feb traded $635
Feb $625//$640
Mar $638//$645 – traded $640, $642
MAP Brazil
Feb $700//$735
Mar $720/$750
Apr $715//$750
Jun $750 Offer
Give up trade
China Fertilizer Industry Chain Morning Briefing (February 6, 2026)
❤ Urea:
Yesterday, factory quotes in mainstream regions operated with a stable-to-strong trend. As the Spring Festival approaches, advance order collection in some regions is drawing to a close. Prices are mostly consolidating at high levels. Traders show no excessive enthusiasm for chasing price hikes, largely opting to follow up on dips. Considering some enterprises still have gaps in advance orders, price trends are diverging by region. Overall, the price center remains stable with minor fluctuations.
❤ Melamine:
Yesterday, the domestic melamine market trend was steady. recently, most enterprises have had abundant advance orders or decent shipments, resulting in no immediate inventory pressure. In the short term, as the Spring Festival draws nearer and most downstream enterprises close for the holidays, market trading is gradually fading. The market is expected to remain primarily stable.
❤ Synthetic Ammonia:
Yesterday, the supply and demand atmosphere in the synthetic ammonia market was average. Low-end transactions were acceptable, and the market stabilized temporarily. In the northern regions, some ammonia enterprises achieved significant destocking, and downstream receiving enthusiasm improved. However, as some enterprises recovering from faults or maintenance gradually resume production, high-priced sources may face a potential supplementary decline. The market is expected to fluctuate within a narrow range in the short term.
❤ Ammonium Chloride:
Yesterday, transactions in the domestic ammonium chloride market were stable, with shipments mostly fulfilling previous contracts. Most combined-process soda ash enterprises paused order intake due to sufficient pending shipments and a lack of inventory pressure. Some quotes were raised slightly, while compound fertilizer enterprises and traders continued to purchase on an as-needed basis. New pre-holiday orders are limited, and prices are operating steadily.
❤ Ammonium Sulfate:
Yesterday, the domestic ammonium sulfate market was primarily stable. Supported by high international urea prices, suppliers maintain a strong stance on holding up prices. However, with rising prices and the approaching Spring Festival, the trading sentiment among industry players has cooled. The market is expected to remain mainstream stable in the short term.
❤ Phosphate Fertilizer:
MAP (Monoammonium Phosphate): Yesterday, the domestic MAP market consolidated with prices remaining unchanged. Demand showed no significant improvement; producers focused on executing pending orders, while downstream players made small replenishment purchases for rigid demand. Trading atmosphere is gradually fading. With support from costs and pending orders, it is expected to continue running steadily in the short term.
DAP (Diammonium Phosphate): Yesterday, the domestic DAP market continued its consolidation and wait-and-see stance. Costs remain high. In Hubei, the 64% ex-factory price stands at 4,100–4,150 RMB/ton, with actual orders subject to negotiation. Demand performance is relatively flat, and follow-up on new orders is slow. The market trading atmosphere is slightly deadlocked, and it will maintain a stable consolidation in the short term.
❤ Potash Fertilizer:
Yesterday, the domestic potash market trend was flat. Circulating supply in the Potassium Chloride (MOP) market is limited. With the approach of the Spring Festival holiday, downstream factory demand is gradually fading, and purchasing intent is insufficient; prices are temporarily stable. Potassium Sulfate (SOP) manufacturers are maintaining low operating rates, with a small volume of previous orders being executed.
❤ Compound Fertilizer:
Yesterday, the compound fertilizer market operated primarily with stability. Major raw materials saw narrow consolidation, maintaining support for compound fertilizer costs and market sentiment. Distributors operated based on needs, with some active lifting of goods. Enterprise focus is successively shifting internally (wrapping up year-end work), and the intent for short-term adjustments has decreased. The market is expected to consolidate at high levels in the short term.
LONDON (ICIS)–In Egypt, MOPCO sold 5,000 tonnes at $505/tonne FOB for March loading.
Urea markets have begun the year on a firm footing with Middle East spot values surpassing $480pt fob, an advance of 18% on price levels in early-January.
Strong buying interest was noted in the latest Qatari sales tender for a second half March shipment with multiple trading firms bidding in the $470s pt fob with a sale subsequently concluded in the low-$480s pt fob. Prior to this, last concluded business in the region took place little over 10 days ago at $460pt fob.
Firmer eastern values followed a further round of business in North Africa that pushed spot prices above $500pt fob for the first time since early-November 2025. At least 60,000t of granular urea have been placed since the weekend.
Basis Profercy’s daily price data, Egyptian granular prices have gained $52pt or 12% since the middle of the month.
Supply cutbacks – both foreseen and unexpected – have made life challenging for buyers at a time when many anticipate continued demand from the USA for shipments into March and further Indian inquiry.
China is absent from international trade with a lack of export quotas reducing business a handful of cargoes so far this year. Just two vessels were committed to India in the 2 January purchasing tender.
The scale of seasonal gas diversions in Iran is reminiscent of those end-2024 and into Q1 2025, removing as much as 450,000t/month from the market.
Domestic requirements have limited Indonesian export commitments to a single cargo so far this year.
Elsewhere, production in Trinidad is not operational, while one Black Sea supplier is set to be out for February. Exports from Venezuela were also disrupted earlier in the year.
For European buyers, US demand and trader positioning has consistently raised the price bar for offshore urea. Sales of January and February cargoes from Nigeria and Algeria reduced availability for EU markets, while also encouraging traders to secure positions and cover earlier shorts.
Prior CBAM anxiety gave way mid-January with both North African spot values for urea and warehouse prices in Europe advancing. Quotes for product in place in La Pallice, France, are approaching €500pt FCA while North Africa granular urea for March shipment was sold above $500pt fob for the first time since first half November 2025.
For the time being, many European importers are taking on CBAM related price exposure. The policy has, however, stemmed inquiry for UAN, nitrates and amsul, largely owing to high default costs for regular suppliers, including those in Turkey and the USA.
With current urea fob benchmarks only marginally below the highs of June and August 2025 – a period where trade was influenced by geopolitical events, North African production cutbacks and seasonal Indian purchasing – there are some nerves in the market regarding the outlook for the coming months.
The prospects for February and into March are heavily predicated on whether Indian demand surfaces, as most anticipate, as well as the strength of US inquiry. Australia could shape trade in the east.
As Q2 approaches, many will be looking to China for any cues as to whether export business will resume earlier than in 2025.
LONDON (ICIS)–In Egypt, Helwan sold 6,000 tonnes of granular urea at $504/tonne FOB for March shipping to Europe.
Hi guys – hope the week is going well! Pleased see below our weekly report.
Nexus Weekly Update
05/02/26
In the Far East, certain areas performed worse than others, which placed strain on the region as a whole, leading to a soft week overall. South East Asia started the week strongly, with a healthier level of enquiry seen and small growth in rates being discussed. However, rates are now back under pressure due to the weakness observed in both Australia and the North. In Australia, many of the major grain houses are pushing back their laycans, resulting in a bearish outlook for the region in the coming weeks further compounded by a lack of NOPAC activity in the north. As a result, the Far East market is expected to remain subdued until at least the end of Chinese New Year.
The Indian Ocean continued a similar course to recent weeks with persistent lack of demand. The ongoing nature of this though has led to owners avoiding the area, causing some tightness in the tonnage lists when several laycans overlap. Back haul demand from steels and fertiliser offered owners some respite but otherwise it was quiet. With the run up to Chinese New Year, iron ore volumes from East Coast India have reduced, so owners are choosing to ballast away in search of better business. The South African market remains steady off the back of increased coal shipments, however the lack of demand further North suggests that more ballasters may come into play and put some pressure on rates.
Across the Atlantic, rates have continued to push higher, led by the Handysize segment and particularly on fronthaul routes. This strength has gradually filtered through to transatlantic business, where levels have firmed in response. There has been some West Africa enquiry, although with grain fronthaul rates climbing, many owners are choosing to play the market spot rather than fixing anything forward, limiting immediate availability and keeping sentiment firm. Many players noted that freight is tightening due to the rising bunker prices which has meant that cargoes ex-WAFR are tougher to book.
In the Continent and Mediterranean, activity has been mixed. Scrap cargoes into the Med have provided support, alongside a steady flow of smaller cargoes for handies. However, owners remain cautious, with a noticeable reluctance to load in Ukraine amid ongoing security concerns and weather conditions. In the wider Atlantic, recent US actions targeting the dark fleet, including vessel seizures, have added an extra layer of risk perception and encouraged more selective trading. At the same time, increased petcoke demand ex US has pushed rates higher, and with momentum building, positive sentiment is expected to carry into the coming week.
Bunker prices have firmed this week, supported by higher Brent levels amid renewed US/Iran tensions and expectations of a drop in crude inventories. Current prices are holding around 484 pmt USD in Singapore and 472 pmt in Gibraltar, with sentiment remaining sensitive to further energy market developments.
Based on the image provided, here is the full translation of the document.
[Top Header]
Notice on Ensuring Supply and Stabilizing Prices of Chemical Fertilizers for Spring Plowing and the Entire Year of 2026
Release Time: 2026/02/05 | Source: Department of Economic and Trade Affairs | [Print]
National Development and Reform Commission Notice on Ensuring Supply and Stabilizing Prices of Chemical Fertilizers for Spring Plowing and the Entire Year of 2026
Fa Gai Jing Mao [2026] No. 149
To the Development and Reform Commissions of all Provinces, Autonomous Regions, Municipalities directly under the Central Government, and the Xinjiang Production and Construction Corps; China State Railway Group Co., Ltd., Agricultural Development Bank of China, China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, State Grid Corporation of China, China Southern Power Grid Co., Ltd., China Energy Investment Corporation, Sinochem Holdings Corporation Ltd., China Minmetals Corporation, State Development & Investment Corp., Ltd., China National Coal Group Corp., China National Agricultural Means of Production Group Co., Ltd.; Zhengzhou Commodity Exchange; China Nitrogen Fertilizer Industry Association, China Phosphate and Compound Fertilizer Industry Association, Potash Branch of China Inorganic Salts Industry Association, China Agricultural Production Means Circulation Association, China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters, China Sulphuric Acid Industry Association:
In 2025, with the joint efforts of all parties, the demand for agricultural fertilizer was effectively guaranteed. After consultation with the Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Ecology and Environment, Ministry of Transport, Ministry of Agriculture and Rural Affairs, Ministry of Commerce, SASAC regarding State-owned Assets, General Administration of Customs, State Administration for Market Regulation, China Securities Regulatory Commission, State Internet Information Office, and the All China Federation of Supply and Marketing Cooperatives, the following notice is issued regarding the work of ensuring supply and stabilizing prices of chemical fertilizers for the 2026 spring plowing season and the entire year.
I. Guarantee Fertilizer Production Raw Materials, Stabilize Chemical Fertilizer Production
Provincial-level Development and Reform Commissions must actively coordinate with Industry and Information Technology departments to manage fertilizer production effectively. Coordinate and guarantee the supply of raw materials for fertilizer production, and urge relevant enterprises to implement minimum production plans as required, especially ensuring fertilizer production during key periods such as winter storage and spring plowing. Submit production status reports as required. Coordinate with Ecology and Environment departments to allow fertilizer production enterprises with Performance Grade A or B to independently reduce emissions during emergency responses to heavy pollution weather. Promote the stability of phosphate rock production and maintain reasonable price levels. Support relevant fertilizer production enterprises to accelerate the construction of phosphogypsum acid production projects. Encourage domestic sulfur to be prioritized for domestic fertilizer production enterprises; phosphate fertilizer production enterprises are encouraged to actively supply the domestic market with domestically produced phosphate fertilizer, specifically strengthening production guarantees during the spring plowing period. The Sulphuric Acid Association and the Phosphate Fertilizer Association shall jointly organize the connection of production and sales between sulfur and phosphate fertilizer production enterprises to stabilize upstream and downstream relationships.
II. Promote Smooth Fertilizer Circulation, Reduce Agricultural Usage Costs
Provincial-level Development and Reform Commissions must coordinate with Transportation departments to guarantee water and road transport channels for chemical fertilizers and production raw materials. Leverage the role of key agricultural distribution corridors to promote the smooth circulation of fertilizers and raw materials. Guide key agricultural distribution enterprises to increase the proportion of direct sales to fertilizer end-users. Railways must strictly implement preferential freight price policies for agricultural chemical fertilizers, strengthen transport capacity allocation to meet the transportation needs between fertilizer production areas, and facilitate large-scale cross-regional adjustments during the winter storage and spring plowing periods, specifically guaranteeing adequate transport capacity for "Northward Transport of Phosphate" and "Eastward Transport of Potash." Relevant associations should fully utilize the role of the National Agricultural Materials Supply and Demand Platform, guide key fertilizer production and circulation enterprises to actively use public service platforms such as the National Cotton Exchange Market to carry out production-sales docking and information registration, and guide enterprises to sell fertilizers at reasonable prices and in a timely manner, specifically ensuring fertilizer needs in remote markets such as the Northeast and Northwest regions.
III. Strengthen Fertilizer Reserve Management, Effectively Exert Buffer Function
Provincial-level Development and Reform Commissions constitute, with relevant parties, the supervision and inspection of fertilizer reserves. Urge undertaking enterprises to implement reserve tasks as required, and coordinate in a timely manner to solve difficulties faced by undertaking enterprises in reserve supply organization, transportation, and funding loans. Strengthen the connection and coordination of fertilizer reserves at different levels, improving the complementarity of reserve scale, varieties, and timing. The Agricultural Development Bank should exert its policy-based banking role to increase comprehensive financial service support for major fertilizer reserve businesses and related warehousing facility construction. The Zhengzhou Commodity Exchange must continue to optimize the "Commercial Storage, Futures Market Free" (pre-delivery) business and actively provide professional services to stabilize agricultural capital prices. The China Agricultural Means of Production Circulation Association must continue to optimize the functions of the National Fertilizer Commercial Reserve Management Platform and improve the convenience of reserve information registration and management.
IV. Strengthen Fertilizer Import and Export Service Management, Solidify Good Work on Imports
Provincial-level Development and Reform Commissions constitute, with relevant parties, the supervision and guidance of fertilizer production and circulation enterprises within their jurisdiction to abide by fertilizer trade management regulations. Support the construction of port fertilizer and production raw material storage and transportation facilities to improve the turnover efficiency of port receiving and unloading. Coordinate and guarantee the priority berthing and unloading of import vessels for fertilizer production raw materials such as potash, sulfur, and phosphate rock. Encourage key potash import enterprises to expand import channels. Encourage qualified enterprises to increase sulfur import efforts based on market conditions, aiming to stabilize domestic supply and maintain inventory at reasonable levels. Encourage relevant enterprises to optimize fertilizer import varieties and timing based on agricultural fertilizer needs. The Minmetals Chamber of Commerce must do a good job in guiding services for potash import enterprises to guide orderly work.
V. Strengthen Fertilizer Market Supervision, Maintain Good Market Order
Provincial-level Development and Reform Commissions must support relevant parties in increasing efforts to crack down on counterfeit fertilizers, actively utilizing grassroots organizations like village committees and grassroots staff such as village resident cadres to discover and combat illegal acts in the fertilizer field in a timely manner. The Zhengzhou Commodity Exchange must strengthen the look-through supervision of urea futures, improve the delivery system, optimize the delivery layout, and better serve the real economy. Encourage key fertilizer circulation enterprises to actively assume social responsibility for ensuring supply and stabilizing prices, resist fake and shoddy commodities. Relevant business associations must strengthen fertilizer supply and price information release, clarify false market information in a timely manner, improve the social responsibility fulfillment registration system in the fertilizer field, and strengthen the application of relevant information. Encourage all sectors of society to strengthen supervision and actively report problems affecting the stability of the fertilizer market.
VI. Promote Scientific Application, Improve Fertilizer Use Efficiency
Provincial-level Development and Reform Commissions must support agricultural and rural affairs departments in strengthening the popularization of scientific fertilization knowledge, publicity, and technical guidance. Integrate and promote new technologies, new products, and new machinery that meet the requirements of scientific fertilization. Encourage soil testing and formula fertilization and the increased application of organic fertilizer. Key fertilizer circulation enterprises should actively carry out agricultural socialized services such as "measurement, allocation, and delivery" and intelligent fertilizer distribution. Promote the local use of sulfur and low-grade phosphate rock, etc., tailored to local conditions, to promote fertilizer reduction and efficiency increase with practical actions.
All units must fully recognize the important significance of fertilizer supply and price stabilization work for protecting farmers' enthusiasm for grain planting and ensuring national food security. Promptly organize deployment and implement relevant work tasks. Provincial-level Development and Reform Commissions must take the lead in doing a good job in local fertilizer supply guarantee and price stabilization work, and coordinate with relevant units to solve problems existing in links such as fertilizer production, transportation, storage, sales, and application.
Special Notice.
National Development and Reform Commission
January 30, 2026
Morning. After recent phys price gains, stand-off on Int'l paper for much of y'day – April Brazil traded $476cfr, after which more Apr sell interest emerged. In Nola, Feb/Mar urea values held $450-$455 range, Mar DAP paper traded $640s (+$5).
AG
Feb $472//$483
Mar $470//$492
Apr $460//$480
cfr Brazil
Feb $470//$480
Mar $467//$485
Apr $466//$473 – traded $476
Egypt
Feb $490//$510
Mar $480//$505
Apr $475//$495
Nola
Phys: Feb $450-$455. Mar $450
Paper:
Feb $454/$462
Mar $450//$455 – traded $450, $453
Apr $430//$440 – traded $435
May $392//$405
Jun $375//$395
Brazil Amsul
Feb $195//$215
Mar $197//$215
UAN Nola
Feb $315//$340
Mar $340//$350
Apr $340//$350
DAP Nola
Phys: Mar traded $632
Feb $615//$630
Mar $635//$645 – traded $640
MAP Brazil
Feb $700//$735
Mar $720/$750
Apr $715//$750
Jun $750 Offer
LONDON (ICIS)–In Egypt, Helwan sold 5,000 tonnes of granular urea at $497/tonne FOB for March shipment to Europe.
Morning. QE sales tender (low-$480s reported) represented a significant rise in AG phys values, as Int'l paper offers retreated y'day, and tone on Urea firmed up further. In Nola, Feb/Mar Urea found support around $450, while Mar DAP repeat traded $635.
AG
Feb $465//$495
Mar $467//$495
Apr $460//$485
Cfr Brazil
Feb $460//$485
Mar $467//$485
Apr $475//$482
Egypt
Feb $485//$505
Mar $480//$500
Apr $475//$495
Nola
Phys: Feb traded $450-52. Mar $450
Paper:
Feb $450/$460
Mar $448//$455 – traded $450
Apr $430//$440
May $392//$405 – traded $396
Jun $375//$395
Options: Apr $400 P traded $6.5
Brazil Amsul
Feb $195//$215
Mar $200//$215
UAN Nola
Feb $315//$340
Mar $340//$350
Apr $340//$350
DAP Nola
Phys: Feb traded $622.5. $623
Feb $615//$630
Mar $637//$645 – traded $635
MAP Brazil
Feb $700//$735
Mar $720/$750
Apr $715//$750
Jun $750 Offer
The U.S. Treasury Department on Tuesday issued a proposed rule governing how biofuel makers can access a $1-per-gallon tax credit for low-carbon transportation fuels, including aviation fuel.
The rule was welcomed by biofuel trade groups that said the plan could provide more certainty for producers of ethanol, biodiesel and other products seeking the credit.
The program, dubbed 45Z, was created under former President Joe Biden's Inflation Reduction Act and was amended last year in President Donald Trump's One Big Beautiful Bill.
Changes included allowing for low-carbon fuel produced with feedstocks grown in Canada and Mexico as well as tweaks to the methodology for calculating a feedstock's land use intensity.
"Today’s 45Z proposed rule is a step in the right direction toward providing the clarity and certainty that ethanol producers are seeking," said Geoff Cooper, president and CEO of the Renewable Fuels Association.
He said some questions about the program remained unanswered, however, including the makeup of a revised climate model that could impact fuel eligibility and the implementation of foreign feedstock prohibitions.
Representatives for soy farmers also welcomed the rule.
"Updating federal biofuel policies to prioritize soy-based fuels is a key ASA priority, and we applaud Treasury for this action which will help build domestic markets for U.S. soybeans," said Scott Metzger, president of the American Soybean Association.
China Fertilizer Industry Morning Briefing 2026-02-04
❤ Urea: Yesterday, new orders for domestic urea producers were generally modest. Most of the downstream demand was sporadic and driven by basic necessities. The market trading atmosphere was relatively stagnant and subdued, with limited price support. In the short term, the domestic urea market may remain relatively stable.
❤ Synthesis of Ammonia: The market dynamics for synthesis of ammonia remained weak yesterday. As the year draws to a close, the price of ammonia has gradually declined. There is strong intra-market coordination, and many operators are focused on essential purchases. Most ammonia producers prioritize reducing their inventories. The price of ammonia has approached the cost line, with a temporary stabilization at a low level. The benefits are limited, and the synthesis of ammonia market is generally stable but weak in the short term.
❤Ammonium sulfate: The market for ammonium sulfate saw steady growth over the past day. Supported by high international prices for urea, coupled with a tight balance between domestic supply and demand, market trading was relatively calm. Local prices for coke-grade ammonium sulfate increased slightly. As the Lunar New Year approaches, business operators are becoming more cautious, and it is expected that the market for ammonium sulfate will remain relatively stable in the short term.
❤Ammonium chloride: The domestic market for ammonium chloride remained stable over the past day. The integrated alkali enterprises currently have a large number of shipments scheduled for after the Spring Festival, and there is no inventory pressure. As a result, there is still a desire to maintain prices and explore upward movements. Some quotations are slightly higher. Meanwhile, there is a forecast of a decline in the operating rates of downstream compound fertilizer enterprises, limiting their enthusiasm for replenishing stocks of ammonium chloride. Contracts executed before the holiday means that there will be little fluctuation in the price of ammonium chloride.
❤Melamine: The domestic melamine market saw a modest increase over the past day. Local enterprises had to temporarily halt their operations, resulting in a decline in industry capacity utilization to medium to low levels. Additionally, some companies had satisfactory export orders, which alleviated overall sales pressure. It is expected that the market will remain stable in the short term.
❤Potash fertilizer: The domestic potash fertilizer market trend was relatively stable yesterday. High-grade sources of potassium chloride remained in tight supply, while downstream chemical plants still had some procurement plans. The demand for fertilizer purchases has decreased, and the circulation of potassium chloride market supplies remains insufficient. Domestic manufacturers of sulfuric potash maintained earlier prices; Mannheim 52% powder products typically sell for around 3,880-3,950 yuan/ton.
❤Phosphate Fertilizer: The domestic market for monoammonium phosphate remained stable over the past day. The factory price of 55% powder in Hubei Province was 3,850 yuan/ton, with actual negotiations taking place. Although the raw material sulfur has continued to decline, it remains at a high level, and the price of sulfuric acid has increased, resulting in overall high costs. Additionally, with support from pending shipments, the short-term trend remains stable.
The domestic diammonium phosphate market saw a period of consolidation yesterday. The cost side continues to provide strong support. Companies have continued to fulfill pending orders. Market sentiment remains highly cautious, with downstream operations primarily focused on purchasing only as needed. New order volumes have been limited, and the market will likely remain stable and cautious in the short term.
❤Compound fertilizers: The performance of compound fertilizers was strong yesterday. The continued high prices of raw materials strengthened the support for both the cost and market sentiment. Low- and mid-range supplies in the market continued to decrease. Additionally, due to factors such as logistics during the holiday period, sales in some regions increased. Distributors remained cautious about making high-level purchases. For the short term, the compound fertilizer market continued its consolidation trend.
LONDON (ICIS)– QatarEnergy sold 45,000 tonnes of granular urea in the low $480s/tonne FOB for March.
LONDON (ICIS)–Busy day for urea in North Africa yesterday and we had several sales reported.
In Egypt, AlexFert sold 5,000 tonnes of granular urea at $495/tonne FOB for February loading to Europe.
Earlier in the day, MOPCO sold 5,000 tonnes at $490/tonne FOB for February loading.
On Friday 30 January, Abu Qir sold 6,000 tonnes of urea at $483/tonne FOB, then another 5,000 tonnes at $487/tonne FOB, both for February loading to Europe.
In Algeria, Sorfert sold 10,000 tonnes of granular urea yesterday at $503/tonne FOB for March loading, with Europe as the likely destination.
Tuesday, 03 February 2026 (Acerto)
Urea
Nigeria: Dangote has sold a cargo of 30,000t of granular urea at $455/t FOB Lekki for March loading.