Ammonium sulphate: International market trend of ammonium sulphate in the first week of March 2018
Source: Zhongyu Information Date: 2018-3-9 16:29:31
3.1-3.8 International Market Trends (from foreign sources)
China: Sinopec’s standard ammonium sulfate price in March was 113-115 US dollars / ton FOB. There are still 6,000 tons of goods in March, and the price is fob 115 US dollars / ton, while Haili has sold out. Due to the spring demand season in the domestic market, the April offer is said to be close to fob120 USD/ton.
Indonesia: Gresik is still completing the 100,000-ton contract for the April contract. The port of discharge will be Gresik and Belawan. The freight rate from China to Dumai has been rising, making Indonesia’s price exceed cfr140 USD/ton.
Philippines: One buyer is looking for two 6,000 tons of caprolactam-grade ammonium sulphate for shipment to Subic Bay in late March/April.
Turkey: Toros has more than 40,000 tons of ammonium sulphate on the market. In the freight market, Gemlik is looking for a ship that will ship 15,000 tons of ammonium sulphate in Antwerp from March 18th to 20th.
Vietnam: It is said that a single 8,000-ton ammonium sulphate source was shipped between April 1 and 10, from Ube of Japan to Guiren and Ho Chi Minh.
Brazil: Although the demand is still relatively low, the price of caprolactam-grade ammonium sulfate has risen slightly this week to cfr140-147 US dollars / ton. The spot price quoted by European producers is cfr147-150 USD/ton. The price of the pellets is stable at cfr180-190 USD/ton. The total import volume in February was 332,500 tons, down 23% year-on-year. China is increasing its share of the Brazilian market, with 200,000 tons shipped this month, compared with 63,000 tons in Belgium and 32,000 tons in the US.
US: It is said that a single 6000-7000 tons of ammonium sulfate will be shipped from Hopewell to Canada’s Weller port from March 25th to April 5th.
Mexico: Mexico is looking for standard ammonium sulphate in April from Europe and South Korea. In 2017, Mexico’s imports fell to 266,000 tons, down about 4% from 2016. South Korea’s shipments have tripled to 144,000 tons, while Belgium’s shipments were 115,000 tons, an increase of 33%. Ammonium sulfate in the United States and China was blocked by Mexico due to anti-dumping duties.