International market trend of ammonium sulphate in the third week of September 2018

Ammonium sulphate: International market trend of ammonium sulphate in the third week of September 2018

Source: Zhongyu Information Date: 2018-9-21 17:28:58

9.13-9.20 International Market Trends (from foreign sources)

The supply of ammonium sulphate throughout Europe remains tight, with Russian/Belarusian producers concentrated in nearby markets and few products for export. Brazil’s demand for the upcoming safrinha is expected to remain stable. China’s domestic demand will also keep export prices firm.

North West Europe: Buyers and suppliers in northwestern Europe began discussing the annual framework contract this week and are expected to hold fourth quarter negotiations later this month. Compound fertilizer buyers are also looking for sources in October. A buyer is looking for 8-9000 tons of caprolactam-grade ammonium sulfate this week. The other purchased 2,000 tons of ammonium sulphate at a price of $134-135/tonne FOB Antwerp. It is said that the September shipment price is 110-115 Euro/ton FOB, which is equivalent to 130-135 USD/ton FOB. Considering the strong demand for nitrogen fertilizer and the lack of supply in the Baltic and Black Sea, producers are trying to raise the new price to 120 Euro/ton FOB. According to reports, this week’s European standard ammonium sulfate sales price of up to 140 US dollars / ton FOB. According to reports, the price to Brazil is about $130/ton FOB Antwerp. The supply of pellets is tight and there is almost no supply. This week’s sales price is between 170-180 US dollars / ton FOB. Lanxess completed the standard and ammonium sulphate loading of Brazil this week at Dragonera in the port of Antwerp. A trader provided China’s extruded granular ammonium sulphate, which was delivered in French ports in the fourth quarter at a price of 220-225 euros/ton.

Baltic/Black Sea: Baltic and Black Sea producers are focusing on growing demand in the domestic market. Export sales in October are limited. Therefore, there are several standard ammonium sulfate grades in the Baltic Sea, which are said to be below US$150/tonne CFR. SBU said that the caprolactam-grade ammonium sulfate shipped in the second half of October is priced at $145-150/tonne FOB Kotka. The Black Sea export still does not exist. In October, producers will look for a price above $140/ton FOB for the next shipment.

Turkey: Turkish farmers are still buying very low, partly because the Turkish lira continues to be weak and it is said that most of the nitrogen demand will be until November.

China: The price is firm at $116-119/ton FOB. As domestic demand began to increase and exports were restricted, producers have raised their offer prices to $118-120/tonne FOB, but there were no deals on the market this week. The operating rate of Chinese enterprises is 70-75%. Domestic demand is strong and will remain stable until the end of November, so it will maintain a firm price in the next two months. Demand still comes from extruded granules and coking ammonium sulphate. It is said that the ex-factory price of coking ammonium sulfate is 660 yuan / ton, equivalent to 96 US dollars / ton.

Brazil: The market in Brazil has remained good this week, with sellers paying special attention to granular ammonium sulphate. The high-quality extruded granular ammonium sulfate from China is quoted at US$190-195/ton CFR, and the low-grade price is US$185-190/ton CFR. The price of granular ammonium sulfate in Europe and the United States is 200-205 US dollars / ton CFR, and some of the small batches have reached as high as 208 US dollars / ton CFR. The seller’s next shipment intention increased to 210 US dollars / ton CFR. Standard ammonium sulfate is stable between $150 and $155/ton CFR. Brazil’s list shows that in the next few weeks, 149,000 tons of ammonium sulphate will consist of six ships that will enter Santos, Paranagua and Rio de Janeiro. Of these, 95,000 tons or 63% came from China and the rest came from the United States.

Philippines: Atlas has reportedly purchased 8,000 tons of standard ammonium sulphate at a price of $138/tonne CFR.

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