Ammonium sulphate: International market trend of ammonium sulphate in the second week of September 2018
Source: Zhongyu Information Date: 2018-9-14 17:07:29
9.6-9.13 International Market Trends (from foreign sources)
Although the spot supply in Europe and China is tight, the price of ammonium sulfate remained stable this week due to lack of demand. Traders are weighing how much interest in Brazil’s buying interest will increase in October, and how much demand in Turkey will fall during the rest of the year.
China: This week’s spot market price stabilized at $116-119/ton FOB. Manufacturers quoted at $117-119/tonne FOB.
Turkey: Uncertainty in the Turkish exchange rate has prevented major buyers from entering the market. It is currently being discussed that at least one shipment will be sold to a large buyer in October, but this depends on whether any credit can be obtained from the Turkish bank. From January to July, Turkey’s ammonium sulfate imports fell by about 10% year-on-year to 638,000 tons, more than half of which came from China. Due to the depreciation of the Turkish lira, the subsequent sales slowed down, and sales are expected to drop sharply from August.
Brazil: Brazil’s demand for granular ammonium sulphate is expected to increase in the coming weeks. China’s granular ammonium sulphate is quoted at $190/tonne CFR, and European offers are $10-15/ton higher. This year, Brazil’s imports from January to August reached 1.27 million tons, a decrease of 7% from last year. Although China’s export of particulate ammonium sulfate to Brazil has increased dramatically, the downward trend still exists. China’s exports have increased by 50% year-on-year, and China’s exports to Brazil in the first eight months of this year were about 735,000 tons. Since buyers are looking for cheaper sources in China, China’s ammonium sulphate has almost replaced a large number of products in Europe and the United States. Belgian exports fell by 30% year-on-year to 230,000 tons, while US exports fell by 68% to 96,000 tons. There are signs that Brazil’s purchases will increase during the rest of the year. The monthly import volume in August reached 193,000 tons – the largest monthly import in Brazil since March 2017, almost double the amount imported in August 2017.
Morocco: From September 15 to 23, there were a batch of 6,000 tons of ammonium sulphate from Safi to Abidjan.
Ecuador: Agripac, Ferpacific and Quimasa will end the tender on September 13th, with 9000 tons of small granular urea and 9000 tons of large granular urea, plus 2,000 tons of granular ammonium sulphate and 2000 tons of caprolactam-grade ammonium sulphate, November 1 the arrival.
Baltic: In the Baltic region, ammonium sulphate will flow into the domestic market, and it is impossible to export goods at least for the next 60 days.
Northwestern Europe: The latest offer for granular G3 grade ammonium sulphate for December delivery is €210/t cif. The standard spot price of ammonium sulphate is stable at $130-135/tonne FOB.