Ammonium sulphate: International market trend of ammonium sulphate in the first week of April 2018
Source: Zhongyu Information Date: 2018-4-8 16:22:27
3.29-4.5 International Market Trends (from foreign sources)
Brazil: The ammonium sulphate market is slowly recovering after it has no price in the first quarter. However, the supply in April and May is relatively abundant, but the price is gradually decreasing.
Central America: Incofe purchased 9,000 tons of standard ammonium sulfate and 7,000 tons of granular ammonium sulfate from Nitron and shipped it from China along with other fertilizers.
China: China’s price fell to FOB $110-113/ton this week as demand slowed down and continued to affect prices. Inquiries from Turkey and Brazil are limited, and port inventory levels are still above 150,000 tons. According to reports, Golden Barley sold 8,000 tons of Chinese caprolactam-grade ammonium sulfate at a price of $140/ton cfr Kosichang, Thailand, and Ningbo was shipped in early April. Shipping costs are estimated to be close to $30/ton.
Sri Lanka: A trader sold 12,000 tons of caprolactam-grade ammonium sulphate from China. The price was cfr more than US$/ton in mid-April.
Northwestern Europe: The supply of caprolactam-grade ammonium sulphate is beginning to exert downward pressure on suppliers in northwestern Europe, and prices have fallen to FOB $125-140/ton this week. The supply of granular ammonium sulphate is recovering after the tightening in the first quarter, and the current price range is $155-160/ton fob Antwerp.
Baltic: Because the domestic spot trade was limited throughout the first quarter, the Baltic export remained at its lowest level. The spot price in April is expected to be fob 120-130 US dollars / ton. In agriculture, buyers in Lithuania and Latvia began looking for new orders before the farmer’s season. The latest freight offer for Finland in March was €108-110/tonne FOB Kotka, equivalent to 4,000 tons of cargo at $133-135/tonne FOB.
Black Sea/Turkey: The price in the Black Sea region is fob 125-135 USD/ton, but there is no spot supply for export. According to reports, Turkish buyers have lower bid prices, but suppliers are only likely to show interest in the cost of duty-paid prices of $145/ton or higher.