Ammonium sulphate: International market trend of ammonium sulphate in the 4th week of November 2018
Source: Zhongyu Information Date: 2018-11-30 15:16:43
11.22-11.29 International Market Trends (from foreign sources)
Baltic/Black Sea: Supply in the Baltic Sea region will remain tight, and demand will increase to 26,000 tons per month due to the launch of Grodno’s second extruded pellet plant next month. With a capacity of 400,000 tons/year, Grodno Azot needs more ammonium sulphate, so the number of local exports is reduced. According to reports, the Ukrainian demilitarized zone will provide 800 tons of ammonium sulphate, and if shipped, it may be shipped from Kherson in December. Steel producer ArcelorMittal expects to supply some ammonium sulphate in December.
Turkey: China caprolactam-grade ammonium sulphate is quoted at $140/ton cfr excluding tax, and Korean caprolactam-grade ammonium sulphate is not included in the tax at $150/ton. Toros purchased 21,000 tons of Chinese caprolactam-grade ammonium sulfate and 14,000 tons of granular ammonium sulfate from Bestwin. According to reports, Gubretas also purchased 50,000 tons of goods from Bestwin. Turkey is expected to have higher purchases in the weeks leading up to the spring.
Spain: This week, a 7,000-ton ammonium sulphate freighter is being loaded in northwestern Europe and is being shipped to Spain.
North West Europe: This week, demand from NPK and ASN producers is still increasing, and buyers are asking for incremental. Standard grade ammonium sulphate is quoted at 125 – 130 Euro / ton fob Antwerp, 2 mm granular ammonium sulphate is quoted at 170 – 175 euro / ton fob Antwerp, 3 mm granular ammonium sulphate is quoted at 205 – 210 euro / ton fob Antwerp.
China: This week’s caprolactam-grade ammonium sulfate has a wide range of offers this week. The offshore price of many producers in January was $119-122 due to tight supply due to reduced production. However, as demand in Brazil weakens, demand in Southeast Asia and Turkey remains sluggish, and traders are bidding on prices that suppress prices of $115/ton fob or lower. The transaction price is 116-118 US dollars / ton fob. Under some equipment maintenance and environmental pressures, China’s operating rate has been maintained at an average of 60%. Indagro will load approximately 30,000 tons of ammonium sulphate and 30,000 tons of NP combined cargo to Brazil at Qinhuangdao Port and Fangcheng Port from December 5th to 10th, which is the last batch of goods in the quarter.
Philippines: Importers of caprolactam-grade ammonium sulphate require 5,000 tons of cargo in December, and the most recent sale price is $140/ton cfr.
Malaysia: China’s MMA grade ammonium sulfate price is still around $120/ton cfr.
Brazil: Brazil’s caprolactam demand has begun to decline, and the last shipments in China and Europe will be shipped in November/December. China’s extruded granular ammonium sulfate is quoted at $190-195/ton cfr. According to reports, the price of Chinese ammonium sulfate supplied by traders in early December/early January is slightly lower than US$190/ton cfr Brazil. In December, the price of ammonium sulphate in Europe was 205-210 US dollars / ton cfr, and the high price of 215 US dollars / ton cfr could not be sold. The standard grade ammonium sulphate was quoted at 153-158 US dollars / ton. According to reports, as of the end of December, a total of 17 search for ammonium sulfate-loaded vessels entered Hong Kong, a total of 497,000 tons. It has increased by 60,000 tons from last week. Except for goods from Belgium and the United States, the remaining ammonium sulfate is all from China. The Brazilian ship is on the 8th berth.