International Market Trend of Ammonium Sulfate in the 2nd Week of November 2018

Ammonium Sulfate: International Market Trend of Ammonium Sulfate in the 2nd Week of November 2018

Source: Zhongyu Information Date: 2018-11-16 17:24:41

11.8-11.15 International Market Trends (from foreign sources)

Baltic/Black Sea: Sales in the Baltic and Black Seas are still limited, with producers supplying more to the local market. Financial/political issues have left Turkey largely untouched. The SBU still has no ammonium sulfate, which will provide up to $145/ton fob to the Baltic Sea. The high price of the Black Sea is nominally at $150-155/ton FOB. According to reports, Grodno Azot sold 5,000 tons of standard ammonium sulphate at a price of US$138/ton FOB Klaipeda. Ammonium sulfate producer Kuibyshevazot has been discontinued due to the supply of benzene Stavrolen until mid-December. This will result in a reduction of 3,000-5,000 tons/month of ammonium sulfate from November to December.

Northwestern Europe: Standard ammonium sulphate is stable at 125-130 Euro/ton FOB Antwerp. The 2 mm particle ammonium sulfate trade price is 160-165 Euro/ton FOB Antwerp, and the 3 mm granular ammonium sulfate price delivered in February is 210 Euro/ton FOB Antwerp. According to reports, the price of small single standard ammonium sulfate is 146-147 US dollars / ton FOB Northwest Europe. It is said that this week, a buyer in the Baltic Sea is quoted at $138-142/ton FOB Antwerp.

Turkey: It is unclear whether Gubretas tendered 20,000 tons of granular ammonium sulphate and 30,000 tons of caprolactam-grade ammonium sulphate on November 2nd. Toros is said to have tendered for ammonium sulphate on November 14.

Central America: Importer Incofe tends to purchase 21,000 tons of ammonium sulphate, DAP and MAP. The Asian trading company Merrycorn has a total of about 47,000 tons of fertilizer purchased from China. Shipping costs are estimated at $24-26/ton. The deal includes 21,000 tons of ammonium sulphate purchased from China at a price of $117-118/tonne FOB. The goods will be unloaded in various Central American markets, including Colombia and Guatemala.

Brazil: The season of safrinha is almost covered, and interest in new singles is not high. Brazil has a large supply of goods, especially from China, and has already completed a portion of the cargo, which is expected to end in November. China’s extruded pellets are priced at $195-200/tonne CFR, and European producers are targeting $215/tonne CFR, reaching $205-210/tonne CFR. The latest data shows that as of the end of December, there were 426,000 tons of ammonium sulphate among the 13 vessels arriving at the Brazilian port. This is roughly similar to last week. China’s ammonium sulphate continues to dominate, accounting for more than 90% of the total.

China: The sales price of caprolactam ammonium sulfate is maintained at USD 117-119/ton FOB. Manufacturers have a large number of parking, and the next price intention of the manufacturer is 120 US dollars / ton FOB. Haili, Saning, Luxi, Juhua, Suibao and Shenma were also closed due to various turnovers. It is said that the operating rate is about 70%. According to reports, Raintrade has purchased two 30,000 tons of caprolactam-grade ammonium sulphate shipments to Turkey. One batch is shipped in November and the next batch is December. The price was not disclosed. Squeezed granular ammonium sulfate quoted at $152-155/ton fob and some sellers tried to quote higher quality granular ammonium sulfate higher than $150/ton fob.

Malaysia: A batch of 6,000 tons of Chinese caprolactam-grade ammonium sulfate bidding price is $140/ton cfr Lahad Datu.

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