Ammonium sulphate: International market trend of ammonium sulphate in the third week of January 2018
Source: Zhongyu Information Date: 2018-1-19 17:17:43
1.11-1.18 International market dynamics (from foreign sources)
Global ammonium sulphate prices are stable, demand slows in the first quarter, while Europe and China have limited supply in the next 30 days. Until the market in February, buyers were reluctant to discuss at the current FOB level. The strong euro has boosted offshore prices in northwestern Europe, but with most of the off-the-shelf supply in February, producers have only a small off-the-shelf supply at these higher prices.
China: China’s caprolactam-grade ammonium sulfate prices stabilized at $112-118/tonne FOB in January and February. Ammonium sulphate is still a cheap alternative to high urea prices. The operating rate of ammonium sulphate plant is kept above 70%, which is much higher than that of urea and ammonia plants in China. China’s port inventory remains at around 120,000 tons.
South Korea: A South Korean trader is looking for 25,000 tons of ammonium sulphate, from March 1st to 7th from Ulsan to Mexico Manzanillo and Lazaro Cardenas.
Philippines: Farmix has reportedly ordered 8,000 tons of caprolactam-grade ammonium sulphate at $130/tonne CFR, shipped to Manila and Bacolod in February, and Universal Harvester for more than $130/ton CFR Davao. 6,000 tons. Neither can contact the buyer for confirmation. An importer shipped a single 12,000 tons of caprolactam-grade ammonium sulphate to Davao and Manila.
Vietnam: Australia’s ammonium sulfate price is around $120/ton cfr and containers will arrive at the end of January.
Indonesia: Kaltim will hold a 5,000-ton ammonium sulfate tender on January 26, packed in tons of bags. Sentana is also looking for 6,000 tons of goods, arriving in February. There are also other businesses on the market looking for ammonium sulphate, which is sent to Bella Bay and Surabaya.
United States: AdvanSix reduced ammonium sulfate production at the Hopewell facility in Virginia due to unplanned downtime caused by cold winter weather. It is expected to be restored within two to three weeks after overhaul.
Black Sea: Kuaz has sold 3,000 tons of caprolactam-grade ammonium sulfate from Novorossisk for $135/ton. Before Russia banned the issuance of AN/CAN to Ukraine on March 1, the producer had stopped offering FOB because the company would ship to Ukraine from January to February. In January, Ukraine’s Kuaz sold 8,000 tons of caprolactam-grade ammonium sulfate, of which 5,000 tons in bulk price was 130-135 US dollars / ton; 3,000 tons tons of bags price was 140-145 US dollars / ton. In late December, it also sold 5,000 tons of granular ammonium sulphate, which was shipped to Ukraine in January and the price of ton bags was $180-185/ton.
North West Europe: European producers have basically sold out in January and February, but the strong euro has boosted spot FOB prices. Some standard ammonium sulfate prices are at $140/tonne FOB, while pellet prices are above $170/tonne FOB.
Brazil: The price of spot ammonium sulphate is stable, and there are not many new orders in China or Europe. The price of standard ammonium sulfate in January was $140-145/ton cfr, while the price of granular ammonium sulfate was $170-190/ton cfr. A Brazilian buyer is still looking for 100,000 tons of goods, including monoammonium phosphate, ammonium sulphate and caprolactam-grade ammonium sulphate, all shipped in February, while China is the preferred location.